Swiss Life Asset Management Ltd Purchases 37,786 Shares of TE Connectivity Ltd. $TEL
by Jessica Moore · The Cerbat GemSwiss Life Asset Management Ltd grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 81.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,943 shares of the electronics maker’s stock after acquiring an additional 37,786 shares during the period. Swiss Life Asset Management Ltd’s holdings in TE Connectivity were worth $18,428,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in TE Connectivity in the 4th quarter valued at $820,000. Sivia Capital Partners LLC lifted its holdings in shares of TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after buying an additional 1,007 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of TE Connectivity in the second quarter valued at about $255,000. Creative Planning grew its stake in shares of TE Connectivity by 2.4% in the second quarter. Creative Planning now owns 48,804 shares of the electronics maker’s stock valued at $8,232,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in TE Connectivity by 22.0% during the second quarter. Cetera Investment Advisers now owns 53,940 shares of the electronics maker’s stock worth $9,098,000 after acquiring an additional 9,723 shares during the period. Institutional investors own 91.43% of the company’s stock.
TE Connectivity Stock Performance
TEL stock opened at $198.41 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The firm has a market cap of $58.22 billion, a PE ratio of 28.63, a P/E/G ratio of 1.49 and a beta of 1.23. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The business has a 50 day moving average of $223.18 and a 200-day moving average of $225.50.
TE Connectivity (NYSE:TEL – Get Free Report) last announced its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the business posted $1.95 EPS. The business’s quarterly revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a $0.78 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.6%. TE Connectivity’s payout ratio is currently 40.98%.
TE Connectivity declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Wells Fargo & Company increased their price target on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.93.
Check Out Our Latest Stock Report on TEL
Insiders Place Their Bets
In other news, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the transaction, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $222.52, for a total value of $2,091,688.00. Following the completion of the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,780,179.52. This trade represents a 26.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,945 shares of company stock valued at $7,528,616. Corporate 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.
Featured Articles
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL – Free Report).