CIBC Asset Management Inc Raises Stock Holdings in TE Connectivity Ltd. $TEL

CIBC Asset Management Inc grew its holdings in TE Connectivity Ltd. (NYSE:TEL) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,721 shares of the electronics maker’s stock after buying an additional 18,720 shares during the quarter. CIBC Asset Management Inc’s holdings in TE Connectivity were worth $19,730,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity in the 4th quarter valued at $25,000. Caitlin John LLC acquired a new position in TE Connectivity during the third quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new position in TE Connectivity during the third quarter valued at $29,000. JFS Wealth Advisors LLC lifted its holdings in 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. Finally, Westfuller Advisors LLC grew its position in shares of TE Connectivity by 120.2% in the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 101 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Up 1.2%

Shares of TEL opened at $220.91 on Friday. TE Connectivity Ltd. has a 52-week low of $161.50 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. The stock has a fifty day simple moving average of $214.21 and a two-hundred day simple moving average of $221.35. The company has a market capitalization of $64.48 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. TE Connectivity’s quarterly 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. As a group, equities analysts forecast that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. This is a positive change 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 dividend yield of 1.4%. TE Connectivity’s dividend payout ratio is currently 31.87%.

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

Analyst Ratings Changes

Several research firms recently weighed in on TEL. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a research report on Thursday, April 23rd. Barclays cut their price objective on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company increased their target price on TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $256.57.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 worth $6,140,644. 0.60% of the stock is owned by company insiders.

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.