Pictet Asset Management Holding SA Has $38.88 Million Stock Position in TE Connectivity Ltd. $TEL

Pictet Asset Management Holding SA boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 2.1% during the 1st quarter, Holdings Channel reports. The fund owned 186,023 shares of the electronics maker’s stock after buying an additional 3,906 shares during the period. Pictet Asset Management Holding SA’s holdings in TE Connectivity were worth $38,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth approximately $25,000. Aster Capital Management DIFC Ltd acquired a new stake in TE Connectivity in the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. increased its stake in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity during the fourth quarter worth $40,000. Finally, MV Capital Management Inc. acquired a new position in TE Connectivity during the fourth quarter worth $41,000. Institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TEL. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. Evercore reaffirmed an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research report on Monday, June 22nd. UBS Group cut their price target on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $254.93.

TE Connectivity Stock Performance

NYSE TEL opened at $201.95 on Wednesday. The company has a fifty day moving average price of $210.22 and a 200-day moving average price of $218.73. The firm has a market cap of $58.95 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.40 and a beta of 1.16. 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 Ltd. has a 1 year low of $167.37 and a 1 year high of $252.56.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share 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 company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period last year, the firm earned $2.10 earnings per share. The firm’s 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 research analysts predict that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is currently 31.87%.

TE Connectivity declared that its board has authorized a stock buyback program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction 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 quarter, insiders sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is owned by 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.