Interval Partners LP Takes Position in TE Connectivity Ltd. $TEL

Interval Partners LP acquired a new position in TE Connectivity Ltd. (NYSE:TEL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,180 shares of the electronics maker’s stock, valued at approximately $7,723,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TEL. Vanguard Group Inc. raised its stake in TE Connectivity by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after acquiring an additional 410,910 shares during the period. J. Safra Sarasin Holding AG boosted its position 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 purchasing an additional 7,664 shares during the period. Principal Financial Group Inc. increased its stake in shares of TE Connectivity by 7.0% in the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock worth $73,849,000 after purchasing an additional 21,882 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of TE Connectivity by 3.5% in the third quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker’s stock worth $363,215,000 after purchasing an additional 56,833 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of TE Connectivity by 11.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker’s stock valued at $10,369,000 after purchasing an additional 4,813 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Trading Up 0.8%

Shares of TEL stock opened at $199.35 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $58.50 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.51 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 stock’s 50-day moving average price is $225.53 and its 200-day moving average price is $225.69.

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

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

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s payout ratio is 40.98%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $222.52, for a total value of $2,091,688.00. Following the completion of the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,780,179.52. This trade represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president owned 21,810 shares in the company, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 32,945 shares of company stock worth $7,528,616. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TEL shares. Barclays upped their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. UBS Group boosted their price objective on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Truist Financial upped 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. Oppenheimer lifted their target price on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Wells Fargo & Company boosted their price target on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.