Horizon Investment Services LLC Purchases Shares of 13,234 TE Connectivity Ltd. $TEL

Horizon Investment Services LLC purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 13,234 shares of the electronics maker’s stock, valued at approximately $3,011,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in TE Connectivity in the fourth quarter valued at $1,363,000. Entropy Technologies LP bought a new stake in shares of TE Connectivity during the 4th quarter worth about $686,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TE Connectivity by 124.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after buying an additional 1,721,235 shares during the period. Atlas Capital Advisors Inc. acquired a new position in TE Connectivity in the 4th quarter valued at about $2,252,000. Finally, Analog Century Management LP bought a new position in TE Connectivity in the 4th quarter valued at about $67,017,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the 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 transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 28,200 shares of company stock worth $6,140,644. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TEL shares. Wells Fargo & Company increased their price target on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. UBS Group lowered their price target on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.57.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $210.37 on Friday. The company’s 50 day moving average price is $214.51 and its two-hundred day moving average price is $220.63. TE Connectivity Ltd. has a 12-month low of $162.17 and a 12-month high of $252.56. The firm has a market cap of $61.40 billion, a PE ratio of 21.49, a PEG ratio of 1.49 and a beta of 1.16. 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 announced 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. 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 for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the prior year, the business posted $2.10 EPS. The business’s 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. Equities research analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity declared that its Board of Directors has initiated a share buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to buy up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is presently 31.87%.

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.