TE Connectivity Ltd. $TEL Stake Lowered by Tredje AP fonden

Tredje AP fonden cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 89.5% during the third quarter, HoldingsChannel reports. The fund owned 19,780 shares of the electronics maker’s stock after selling 169,000 shares during the quarter. Tredje AP fonden’s holdings in TE Connectivity were worth $4,342,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in TE Connectivity in the 2nd quarter worth about $609,158,000. Bank of America Corp DE grew its stake in shares of TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after buying an additional 1,352,152 shares in the last quarter. Dodge & Cox increased its holdings in TE Connectivity by 6.3% in the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares during the last quarter. Bank of New York Mellon Corp raised its position in TE Connectivity by 21.8% during the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after acquiring an additional 739,453 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in TE Connectivity by 40,481.3% in the second quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock valued at $114,788,000 after acquiring an additional 678,871 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TEL. Barclays raised their price target on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised their target price on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Oppenheimer raised their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Evercore upped their target price on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.93.

Insiders Place Their Bets

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This represents a 22.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,545 shares of company stock worth $5,436,928 in the last ninety days. Insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 0.9%

TE Connectivity stock opened at $234.56 on Friday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The firm has a market capitalization of $68.83 billion, a PE ratio of 33.85, a PEG ratio of 1.79 and a beta of 1.24. The business’s 50-day simple moving average is $229.79 and its 200-day simple moving average is $224.50.

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

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio is presently 40.98%.

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.