Insider Selling: TE Connectivity (NYSE:TEL) Insider Sells 9,400 Shares of Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TE Connectivity Stock Up 1.0%

Shares of NYSE TEL traded up $2.03 on Tuesday, reaching $215.44. 2,105,919 shares of the company’s stock traded hands, compared to its average volume of 2,781,569. TE Connectivity Ltd. has a 12 month low of $158.09 and a 12 month high of $252.56. The business’s 50 day simple moving average is $213.18 and its two-hundred day simple moving average is $221.82. The company has a market cap of $62.89 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

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

TE Connectivity Increases Dividend

The firm also recently announced 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 a positive change from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s payout ratio is 31.87%.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group reduced their price objective on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company lifted their target price on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $256.57.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Keel Point LLC raised its position in shares of TE Connectivity by 12.1% during the first quarter. Keel Point LLC now owns 1,715 shares of the electronics maker’s stock valued at $358,000 after buying an additional 185 shares during the last quarter. Summitry LLC bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $24,284,000. Essential Partners LLC raised its position in shares of TE Connectivity by 63.7% during the first quarter. Essential Partners LLC now owns 334 shares of the electronics maker’s stock valued at $70,000 after buying an additional 130 shares during the last quarter. BankChampaign National Association bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $301,000. Finally, E20 Capital Ltd bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $25,645,000. Institutional investors own 91.43% of the company’s stock.

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.