Teacher Retirement System of Texas Acquires 23,331 Shares of TE Connectivity Ltd. $TEL

Teacher Retirement System of Texas increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 20.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,268 shares of the electronics maker’s stock after purchasing an additional 23,331 shares during the quarter. Teacher Retirement System of Texas’ holdings in TE Connectivity were worth $30,134,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $820,000. Sivia Capital Partners LLC boosted its position in shares of TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after acquiring an additional 1,007 shares during the last quarter. Farther Finance Advisors LLC grew its stake in TE Connectivity by 15.0% during the second quarter. Farther Finance Advisors LLC now owns 2,349 shares of the electronics maker’s stock valued at $396,000 after acquiring an additional 307 shares in the last quarter. Sowell Financial Services LLC bought a new stake in TE Connectivity in the 2nd quarter valued at $215,000. Finally, Fifth Third Bancorp lifted its stake in TE Connectivity by 1.7% in the 2nd quarter. Fifth Third Bancorp now owns 43,942 shares of the electronics maker’s stock worth $7,412,000 after purchasing an additional 726 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Trading Down 3.2%

Shares of TEL stock opened at $223.86 on Friday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $230.89 and its two-hundred day simple moving average is $219.17. The company has a market cap of $65.71 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio is currently 46.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial raised their price objective on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Barclays raised their price target on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI upped their price objective on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $249.38.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

About TE Connectivity

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.