Key Points
- TE Connectivity insider Shadrak Kroeger sold 9,400 shares on June 1 at an average price of $215 each, totaling about $2.02 million. The sale reduced Kroeger’s direct ownership by 26.57% and was made under a pre-arranged Rule 10b5-1 trading plan.
- The company has been posting solid operating results, with its latest quarterly EPS of $2.73 slightly beating estimates and revenue of $4.74 billion edging past expectations. Revenue rose 14.4% year over year, and TE Connectivity guided Q3 2026 EPS to $2.83.
- TE Connectivity is returning capital to shareholders through a new $3 billion stock buyback authorization and a higher quarterly dividend of $0.78, up from $0.71. The dividend implies an annualized payout of $3.12 and a yield of about 1.5%.
TE Connectivity Ltd. (NYSE:TEL - Get Free Report) insider Shadrak Kroeger sold 9,400 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TE Connectivity Stock Up 1.6%
Shares of NYSE:TEL opened at $214.57 on Wednesday. The firm has a market cap of $62.63 billion, a P/E ratio of 21.92, a P/E/G 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 Ltd. has a 12-month low of $159.41 and a 12-month high of $252.56. The business has a fifty day simple moving average of $213.18 and a 200 day simple moving average of $221.82.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion during 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 revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.
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 shares. This repurchase authorization allows the electronics maker to purchase up to 5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.
TE Connectivity Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a $0.78 dividend. This is a boost 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 1.5%. TE Connectivity's dividend payout ratio is 31.87%.
Analysts Set New Price Targets
TEL has been the subject of several research analyst reports. HSBC lowered TE Connectivity from a "buy" rating to a "hold" rating and set a $234.00 price objective for the company. in a research report on Thursday, April 23rd. Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 2nd. Jefferies Financial Group raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Barclays lowered their price objective on TE Connectivity from $302.00 to $297.00 and set an "overweight" rating for the company in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on TE Connectivity from $214.00 to $226.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and a consensus price target of $256.57.
Read Our Latest Analysis on TEL
Institutional Trading of TE Connectivity
Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in TE Connectivity by 7.0% during the 3rd quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker's stock valued at $73,849,000 after purchasing an additional 21,882 shares during the last quarter. Caprock Group LLC acquired a new position in TE Connectivity during the 3rd quarter valued at about $2,419,000. State of New Jersey Common Pension Fund D boosted its stake in TE Connectivity by 7.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 103,287 shares of the electronics maker's stock valued at $22,675,000 after purchasing an additional 6,755 shares during the last quarter. Power Wealth Management LLC boosted its stake in TE Connectivity by 226.5% during the 3rd quarter. Power Wealth Management LLC now owns 8,979 shares of the electronics maker's stock valued at $1,971,000 after purchasing an additional 6,229 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in TE Connectivity during the 4th quarter valued at about $1,983,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.
TE Connectivity Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
