TE Connectivity Ltd. $TEL Shares Bought by Truist Financial Corp

Truist Financial Corp raised its position in TE Connectivity Ltd. (NYSE:TEL) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 122,309 shares of the electronics maker’s stock after buying an additional 2,875 shares during the quarter. Truist Financial Corp’s holdings in TE Connectivity were worth $27,827,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TEL. Brighton Jones LLC acquired a new position in TE Connectivity in the 4th quarter valued at $820,000. Sivia Capital Partners LLC increased its stake in TE Connectivity by 66.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after buying an additional 1,007 shares during the period. Walleye Capital LLC increased its stake in TE Connectivity by 14.6% in the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after buying an additional 343 shares during the period. Squarepoint Ops LLC increased its stake in TE Connectivity by 1,214.0% in the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after buying an additional 97,256 shares during the period. Finally, Ieq Capital LLC increased its stake in TE Connectivity by 75.0% in the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after buying an additional 9,980 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $223.26, for a total value of $2,098,644.00. Following the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,799,401.76. This represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John S. Jenkins sold 6,155 shares of the 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 sale, the executive vice president directly owned 21,810 shares in the company, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,345 shares of company stock valued at $9,627,260. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TEL. UBS Group lowered their price target on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research note on Wednesday, April 22nd. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company upped their price target on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Stock Performance

Shares of TEL stock opened at $207.13 on Wednesday. The stock has a market cap of $60.46 billion, a PE ratio of 21.16, a P/E/G ratio of 1.45 and a beta of 1.18. TE Connectivity Ltd. has a 1 year low of $147.75 and a 1 year high of $252.56. The stock has a fifty day moving average price of $215.32 and a 200 day moving average price of $226.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity announced that its board has initiated a stock buyback program on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. 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. TE Connectivity’s dividend payout ratio is currently 29.01%.

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.