TE Connectivity Ltd. $TEL Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 44.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 422,058 shares of the electronics maker’s stock after selling 341,135 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in TE Connectivity were worth $96,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in TE Connectivity during the fourth quarter worth about $210,000. Allworth Financial LP increased its stake in TE Connectivity by 110.5% in the 4th quarter. Allworth Financial LP now owns 5,326 shares of the electronics maker’s stock worth $1,212,000 after purchasing an additional 2,796 shares in the last quarter. Atria Investments Inc increased its stake in TE Connectivity by 4.7% in the 4th quarter. Atria Investments Inc now owns 37,236 shares of the electronics maker’s stock worth $8,472,000 after purchasing an additional 1,681 shares in the last quarter. Biltmore Family Office LLC purchased a new position in TE Connectivity in the 4th quarter worth about $260,000. Finally, Stonebridge Financial Group LLC MO purchased a new position in TE Connectivity in the 4th quarter worth about $206,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Truist Financial dropped their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group dropped their price target on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Barclays dropped their price target on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Finally, Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Trading Down 2.8%

Shares of NYSE TEL opened at $207.81 on Thursday. TE Connectivity Ltd. has a one year low of $155.37 and a one year high of $252.56. The firm has a market capitalization of $60.66 billion, a PE ratio of 21.23, a PEG ratio of 1.51 and a beta of 1.18. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $212.64 and a two-hundred day moving average price of $225.25.

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

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 22nd. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio is 29.01%.

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

Insider Transactions at TE Connectivity

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,590 shares of company stock valued at $10,276,864 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity 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.