TE Connectivity Ltd. $TEL Holdings Raised by Man Group plc

Man Group plc lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 259.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,252,434 shares of the electronics maker’s stock after purchasing an additional 904,468 shares during the quarter. TE Connectivity comprises about 0.5% of Man Group plc’s investment portfolio, making the stock its 27th largest holding. Man Group plc’s holdings in TE Connectivity were worth $284,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at about $25,000. Caitlin John LLC bought a new stake in shares of TE Connectivity during the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TE Connectivity during the third quarter valued at about $29,000. Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at about $40,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of TE Connectivity by 54.6% during 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. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TEL has been the topic of a number of recent analyst reports. 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. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Truist Financial lowered their target price on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Barclays lifted their target price on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.79.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 28,200 shares of company stock valued at $6,140,644. Company insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $211.73 on Thursday. The business’s 50-day moving average price is $214.83 and its 200 day moving average price is $220.44. The firm has a market cap of $61.80 billion, a P/E ratio of 21.63, a PEG ratio of 1.54 and a beta of 1.16. TE Connectivity Ltd. has a 52-week low of $162.17 and a 52-week high of $252.56. 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 released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.TE Connectivity’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

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

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.