Clark Capital Management Group Inc. Grows Stock Holdings in TE Connectivity Ltd. $TEL

Clark Capital Management Group Inc. lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 368,620 shares of the electronics maker’s stock after acquiring an additional 5,557 shares during the quarter. Clark Capital Management Group Inc. owned 0.13% of TE Connectivity worth $80,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after buying an additional 410,910 shares during the last quarter. J. Safra Sarasin Holding AG boosted its stake in shares of TE Connectivity by 132.5% in the third quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock worth $2,952,000 after buying an additional 7,664 shares during the last quarter. Principal Financial Group Inc. grew its holdings in TE Connectivity by 7.0% during the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock worth $73,849,000 after acquiring an additional 21,882 shares during the period. Nordea Investment Management AB raised its position in TE Connectivity by 3.5% during the third quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker’s stock valued at $363,215,000 after acquiring an additional 56,833 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in TE Connectivity by 11.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker’s stock valued at $10,369,000 after acquiring an additional 4,813 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group set a $306.00 price objective on TE Connectivity in a research report on Wednesday, January 21st. Barclays lifted their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Wells Fargo & Company raised their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Truist Financial lifted their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at $5,780,179.52. This represents a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,945 shares of company stock worth $7,528,616 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Stock Up 0.8%

TE Connectivity stock opened at $199.35 on Friday. The stock has a market capitalization of $58.50 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The business has a 50 day simple moving average of $225.53 and a 200-day simple moving average of $225.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the firm posted $1.95 EPS. The business’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a yield of 1.6%. TE Connectivity’s payout ratio is 40.98%.

TE Connectivity declared that its board has authorized a stock repurchase plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.