TE Connectivity Ltd. $TEL Position Reduced by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG trimmed its position in TE Connectivity Ltd. (NYSE:TEL) by 91.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,172 shares of the electronics maker’s stock after selling 12,274 shares during the period. J. Safra Sarasin Holding AG’s holdings in TE Connectivity were worth $267,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Donaldson Capital Management LLC raised its holdings in shares of TE Connectivity by 5.2% during the fourth quarter. Donaldson Capital Management LLC now owns 1,543 shares of the electronics maker’s stock valued at $351,000 after acquiring an additional 76 shares during the period. Barnes Dennig Private Wealth Management LLC grew its position in TE Connectivity by 45.5% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 259 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 81 shares in the last quarter. Eastern Bank raised its stake in TE Connectivity by 95.5% during the 4th quarter. Eastern Bank now owns 1,730 shares of the electronics maker’s stock valued at $394,000 after purchasing an additional 845 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of TE Connectivity by 12.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,133 shares of the electronics maker’s stock valued at $2,078,000 after purchasing an additional 1,020 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TEL shares. Wells Fargo & Company lowered their price target on TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating on the stock in a report on Tuesday. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Truist Financial increased their price target on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Finally, Oppenheimer raised their price target 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. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $249.47.

TE Connectivity Trading Up 0.1%

Shares of NYSE TEL opened at $209.22 on Friday. The stock has a market cap of $61.39 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.59 and a beta of 1.26. The business has a 50 day simple moving average of $216.60 and a 200 day simple moving average of $225.23. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. 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 issued its quarterly earnings data 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. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

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

TE Connectivity announced that its board has authorized 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 purchase up to 5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at TE Connectivity

In related news, SVP Reuben M. Shaffer sold 1,425 shares of TE Connectivity stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owned 25,976 shares of the company’s stock, valued at $5,780,179.52. This represents a 26.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 32,945 shares of company stock valued at $7,528,616. Insiders own 0.60% of the company’s stock.

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.