Duff & Phelps Investment Management Co. Trims Stock Holdings in TE Connectivity Ltd. $TEL

Duff & Phelps Investment Management Co. reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 36.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,568 shares of the electronics maker’s stock after selling 2,580 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in TE Connectivity were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Caitlin John LLC purchased a new stake in TE Connectivity in the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new position in TE Connectivity during the 3rd quarter worth $29,000. Neo Ivy Capital Management purchased a new stake in shares of TE Connectivity in the second quarter valued at about $30,000. Caldwell Trust Co purchased a new stake in shares of TE Connectivity in the second quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of 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 buying an additional 127 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total value of $2,197,908.00. Following the completion of the transaction, the insider directly owned 32,541 shares of the company’s stock, valued at approximately $7,608,736.62. This trade represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,945 shares of company stock valued at $7,528,616. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TEL shares. Barclays boosted their price target on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Oppenheimer increased their price objective on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Wells Fargo & Company upped their price target on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Truist Financial increased their price target on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Trading Down 3.7%

NYSE:TEL opened at $197.63 on Friday. The stock has a market capitalization of $57.99 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 1.56 and a beta of 1.23. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock has a fifty day moving average price of $226.21 and a two-hundred day moving average price of $225.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65.

TE Connectivity (NYSE:TEL) last posted 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 business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

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

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This is an increase 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 dividend payout ratio (DPR) is currently 40.98%.

About TE Connectivity

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.