Strs Ohio Buys 83,000 Shares of TE Connectivity Ltd. $TEL

Strs Ohio increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 72.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,000 shares of the electronics maker’s stock after purchasing an additional 83,000 shares during the quarter. Strs Ohio’s holdings in TE Connectivity were worth $43,467,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TEL. Princeton Global Asset Management LLC acquired a new position in shares of TE Connectivity during the second quarter worth $26,000. Neo Ivy Capital Management acquired a new position in TE Connectivity in the 2nd quarter worth about $30,000. Salomon & Ludwin LLC raised its position in TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 66 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of TE Connectivity during the second quarter valued at about $31,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of TE Connectivity during the second quarter worth about $33,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Truist Financial boosted their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a research note on Wednesday. Finally, Robert W. Baird lifted their price objective on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.38.

TE Connectivity Stock Performance

Shares of TEL stock opened at $223.86 on Friday. The firm has a 50 day moving average of $230.89 and a 200-day moving average of $219.17. The company has a market cap of $65.71 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67.

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. The company 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%. TE Connectivity’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities 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 disclosed 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio is 46.18%.

Insider Activity

In other TE Connectivity news, 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 value of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. Company 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.