South Dakota Investment Council Lowers Stake in TE Connectivity Ltd. $TEL

South Dakota Investment Council trimmed its position in TE Connectivity Ltd. (NYSE:TEL) by 61.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,733 shares of the electronics maker’s stock after selling 54,276 shares during the quarter. South Dakota Investment Council’s holdings in TE Connectivity were worth $7,405,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Caitlin John LLC acquired a new position in TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TE Connectivity in the 3rd quarter valued at $29,000. Neo Ivy Capital Management acquired a new position in shares of TE Connectivity during the 2nd quarter valued at $30,000. Caldwell Trust Co acquired a new position in shares of TE Connectivity during the 2nd quarter valued at $31,000. Finally, Geneos Wealth Management Inc. boosted its position in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Down 3.5%

TEL stock opened at $204.52 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $229.70 and a 200-day simple moving average of $225.91. The company has a market capitalization of $60.01 billion, a P/E ratio of 29.51, a PEG ratio of 1.61 and a beta of 1.23. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67.

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

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $5,780,179.52. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,945 shares of company stock worth $7,528,616 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TEL shares. Wells Fargo & Company boosted their price objective on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Truist Financial increased their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. UBS Group lifted their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Oppenheimer upped their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.

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.