Oppenheimer Asset Management Inc. Sells 2,494 Shares of TE Connectivity Ltd. $TEL

Oppenheimer Asset Management Inc. trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 51,857 shares of the electronics maker’s stock after selling 2,494 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TE Connectivity were worth $11,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of TE Connectivity during the fourth quarter worth $25,000. Caitlin John LLC bought a new stake in TE Connectivity in the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new stake in TE Connectivity in the 3rd quarter valued at $29,000. SOA Wealth Advisors LLC. lifted its position in TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 54 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in TE Connectivity in the 3rd quarter valued at $39,000. 91.43% of the stock is owned by institutional investors.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the transaction, the insider directly owned 32,541 shares in the company, valued at $7,608,736.62. The trade was a 22.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,345 shares of company stock worth $9,627,260 in the last ninety days. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group cut their price objective on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Truist Financial cut their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company lifted their target price on TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Stock Down 2.0%

TE Connectivity stock opened at $207.43 on Friday. The firm has a market capitalization of $60.55 billion, a PE ratio of 21.19, a P/E/G ratio of 1.50 and a beta of 1.26. The company’s 50-day moving average is $215.86 and its 200-day moving average is $226.02. TE Connectivity Ltd. has a fifty-two week low of $147.75 and a fifty-two week 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.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

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.