Pictet Asset Management Holding SA Has $38.88 Million Stake in TE Connectivity Ltd. $TEL

Pictet Asset Management Holding SA increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 186,023 shares of the electronics maker’s stock after acquiring an additional 3,906 shares during the period. Pictet Asset Management Holding SA owned about 0.06% of TE Connectivity worth $38,875,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TEL. Man Group plc raised its stake in shares of TE Connectivity by 259.9% during the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after acquiring an additional 904,468 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of TE Connectivity in the fourth quarter worth $1,983,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of TE Connectivity by 2,766.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock worth $63,082,000 after purchasing an additional 267,598 shares during the last quarter. NewEdge Wealth LLC increased its holdings in TE Connectivity by 20.4% in the fourth quarter. NewEdge Wealth LLC now owns 41,715 shares of the electronics maker’s stock valued at $9,491,000 after purchasing an additional 7,057 shares during the period. Finally, Jefferies Financial Group Inc. raised its position in TE Connectivity by 575.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock worth $8,303,000 after purchasing an additional 31,096 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research report on Wednesday, April 22nd. Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Evercore reiterated an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Finally, Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.93.

TE Connectivity Stock Up 1.8%

Shares of NYSE:TEL opened at $201.95 on Wednesday. TE Connectivity Ltd. has a 1 year low of $167.37 and a 1 year high of $252.56. 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 business’s 50-day moving average is $210.22 and its 200-day moving average is $218.73. The company has a market capitalization of $58.95 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.40 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter last year, the firm posted $2.10 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s payout ratio is currently 31.87%.

TE Connectivity declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction 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 owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 28,200 shares of company stock valued at $6,140,644. 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.