National Pension Service Grows Holdings in TE Connectivity Ltd. $TEL

National Pension Service increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 102.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,089,902 shares of the electronics maker’s stock after purchasing an additional 550,727 shares during the quarter. National Pension Service’s holdings in TE Connectivity were worth $247,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in TE Connectivity by 11.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker’s stock valued at $10,369,000 after acquiring an additional 4,813 shares during the last quarter. Principal Financial Group Inc. boosted its stake in TE Connectivity by 7.0% in the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock valued at $73,849,000 after acquiring an additional 21,882 shares during the last quarter. Caprock Group LLC purchased a new position in TE Connectivity in the third quarter valued at about $2,419,000. State of New Jersey Common Pension Fund D boosted its stake in TE Connectivity by 7.0% in the third 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 acquiring an additional 6,755 shares during the last quarter. Finally, Power Wealth Management LLC boosted its stake in TE Connectivity by 226.5% in the third quarter. Power Wealth Management LLC now owns 8,979 shares of the electronics maker’s stock valued at $1,971,000 after acquiring an additional 6,229 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research note on Wednesday, April 22nd. Truist Financial dropped their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $256.57.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 28,200 shares of company stock worth $6,211,332. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Stock Performance

TE Connectivity stock opened at $213.24 on Friday. The firm’s 50 day simple moving average is $212.91 and its 200 day simple moving average is $222.25. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $62.24 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.18. TE Connectivity Ltd. has a 1-year low of $158.09 and a 1-year high of $252.56.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a dividend of $0.78 per share. 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 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s payout ratio is currently 31.87%.

TE Connectivity declared that its Board of Directors has approved a share buyback program on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.