Geode Capital Management LLC Buys 161,967 Shares of TE Connectivity Ltd. $TEL

Geode Capital Management LLC raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 6,284,933 shares of the electronics maker’s stock after purchasing an additional 161,967 shares during the quarter. Geode Capital Management LLC’s holdings in TE Connectivity were worth $1,425,669,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in TE Connectivity during the 4th quarter worth $25,000. Caitlin John LLC bought a new position in TE Connectivity during the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity during the 3rd quarter worth $29,000. Geneos Wealth Management Inc. raised its position in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in TE Connectivity by 54.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 65 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

TEL has been the subject of several analyst reports. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a research report on Thursday, April 23rd. Barclays lowered their target price on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. UBS Group lowered their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company raised their target price on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Oppenheimer lifted 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Stock Performance

Shares of TEL opened at $210.85 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The stock has a 50-day moving average of $212.58 and a 200-day moving average of $222.32. The company has a market cap of $61.55 billion, a PE ratio of 21.54, a P/E/G ratio of 1.48 and a beta of 1.18. TE Connectivity Ltd. has a one year low of $158.09 and a one year high of $252.56.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

TE Connectivity declared that its board has initiated a share repurchase plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to buy up to 5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 28,200 shares of company stock worth $6,211,332. 0.60% of the stock is currently owned by insiders.

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.