National Pension Service Boosts Stake in TE Connectivity Ltd. $TEL

National Pension Service increased its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.8% in the 3rd quarter, Holdings Channel reports. The fund owned 539,175 shares of the electronics maker’s stock after buying an additional 24,546 shares during the quarter. National Pension Service’s holdings in TE Connectivity were worth $118,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in TE Connectivity during the second quarter worth about $26,000. SOA Wealth Advisors LLC. raised its holdings in shares of TE Connectivity by 47.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after buying an additional 54 shares in the last quarter. Salomon & Ludwin LLC lifted its position in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in TE Connectivity in the third quarter worth approximately $39,000. Finally, Neo Ivy Capital Management bought a new position in TE Connectivity during the second quarter valued at approximately $30,000. Institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity 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 sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction dated Monday, November 3rd. The stock was 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group upped 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. Truist Financial boosted their price target on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. The Goldman Sachs Group set a $306.00 target price on TE Connectivity in a research note on Wednesday, January 21st. Finally, Barclays raised their price target on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $250.86.

TE Connectivity Stock Performance

TE Connectivity stock opened at $222.58 on Friday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The firm has a market cap of $65.31 billion, a P/E ratio of 32.12, a P/E/G ratio of 1.72 and a beta of 1.24. 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 moving average of $230.79 and a 200-day moving average of $221.25.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results 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 business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.TE Connectivity’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s payout ratio is 40.98%.

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.