Voya Investment Management LLC Buys 31,910 Shares of TE Connectivity Ltd. $TEL

Voya Investment Management LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 65.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,031 shares of the electronics maker’s stock after acquiring an additional 31,910 shares during the period. Voya Investment Management LLC’s holdings in TE Connectivity were worth $17,789,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Princeton Global Asset Management LLC bought a new stake in shares of TE Connectivity in the second quarter worth about $26,000. Neo Ivy Capital Management purchased a new position in TE Connectivity during the 2nd quarter valued at approximately $30,000. Salomon & Ludwin LLC increased its stake in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of TE Connectivity during the 2nd quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. bought a new position in shares of TE Connectivity during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of TE Connectivity from $241.00 to $245.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. upped their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Robert W. Baird lifted their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Evercore ISI upped their price objective on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $244.85.

Insiders Place Their Bets

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. The trade was a 64.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by insiders.

TE Connectivity Stock Performance

TE Connectivity stock opened at $230.18 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market capitalization of $67.72 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.25. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The company’s 50-day moving average is $232.70 and its 200 day moving average is $208.35.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

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.