TE Connectivity Ltd. $TEL Shares Bought by Fox Run Management L.L.C.

by · The Markets Daily

Fox Run Management L.L.C. raised its stake in TE Connectivity Ltd. (NYSE:TELFree Report) by 103.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,164 shares of the electronics maker’s stock after purchasing an additional 4,143 shares during the period. Fox Run Management L.L.C.’s holdings in TE Connectivity were worth $1,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity in the 4th quarter valued at about $25,000. Caitlin John LLC acquired a new stake in TE Connectivity in the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new stake in TE Connectivity in the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. raised its position in TE Connectivity by 189.6% in 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. Finally, JFS Wealth Advisors LLC raised its position 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 purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TEL shares. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research report on Thursday, April 23rd. Oppenheimer raised their target price on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Truist Financial cut their target price on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock 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 issued a Hold rating to the stock. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $256.57.

View Our Latest Research Report on TEL

TE Connectivity Trading Down 3.3%

TEL opened at $205.54 on Tuesday. The firm has a market cap of $60.00 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. TE Connectivity Ltd. has a 52 week low of $162.17 and a 52 week high of $252.56. The business’s 50 day moving average is $214.31 and its two-hundred day moving average is $221.02. 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:TELGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate of $2.70 by $0.03. The company 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%.The firm’s 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 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, research analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current year.

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

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. 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. TE Connectivity’s dividend payout ratio is presently 31.87%.

About TE Connectivity

(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.

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