Franklin Resources Inc. Has $509.01 Million Stake in TE Connectivity Ltd. $TEL

Franklin Resources Inc. lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 14.4% during the third quarter, Holdings Channel.com reports. The firm owned 2,318,615 shares of the electronics maker’s stock after selling 388,659 shares during the quarter. Franklin Resources Inc.’s holdings in TE Connectivity were worth $509,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Caitlin John LLC acquired a new position in TE Connectivity in the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TE Connectivity in the third quarter valued at about $29,000. Neo Ivy Capital Management bought a new stake in shares of TE Connectivity in the second quarter valued at about $30,000. Caldwell Trust Co acquired a new position in shares of TE Connectivity in the second quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. increased its position in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the period. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,780,179.52. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $1,371,395.55. Following the completion of the sale, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 32,945 shares of company stock valued at $7,528,616. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Price Performance

TEL stock opened at $205.31 on Thursday. The company’s 50-day moving average price is $226.80 and its two-hundred day moving average price is $225.92. The firm has a market cap of $60.24 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.54 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. 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 earnings per share for the current fiscal year.

TE Connectivity declared that its board has approved a share repurchase program on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

Analysts Set New Price Targets

A number of analysts have issued reports on TEL shares. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Oppenheimer raised their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Barclays boosted their price target on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Finally, Truist Financial raised their price objective on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

TE Connectivity 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.