Havemeyer Place LP Acquires Shares of 11,290 TE Connectivity Ltd. $TEL

Havemeyer Place LP acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) in the 4th quarter, Holdings Channel.com reports. The fund acquired 11,290 shares of the electronics maker’s stock, valued at approximately $2,569,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in TE Connectivity in the 4th quarter valued at $25,000. Caitlin John LLC acquired a new position in TE Connectivity in the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in TE Connectivity in the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC raised its holdings in TE Connectivity by 54.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 65 shares in the last quarter. Finally, Westfuller Advisors LLC raised its holdings in TE Connectivity by 120.2% in the 4th quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 101 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a legal filing 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 90 days, insiders sold 28,200 shares of company stock worth $6,140,644. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the subject of a number of research analyst reports. Barclays lowered their price target on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Oppenheimer boosted their price target on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. UBS Group lowered their price target on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Two research 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 stock. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $256.57.

TE Connectivity Trading Down 3.6%

Shares of TEL stock opened at $212.70 on Friday. The firm has a market capitalization of $62.09 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.51 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $162.17 and a twelve month 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’s fifty day simple moving average is $214.26 and its 200 day simple moving average is $221.29.

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

TE Connectivity announced that its Board of Directors has authorized a share repurchase program 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 programs are often 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. Investors of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio is presently 31.87%.

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.