Healthcare of Ontario Pension Plan Trust Fund Sells 33,200 Shares of TE Connectivity Ltd. $TEL

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in TE Connectivity Ltd. (NYSE:TEL) by 25.2% in the first quarter, Holdings Channel.com reports. The firm owned 98,429 shares of the electronics maker’s stock after selling 33,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in TE Connectivity were worth $20,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of TE Connectivity in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth approximately $40,000. MV Capital Management Inc. bought a new stake in shares of TE Connectivity during the fourth quarter worth approximately $41,000. JFS Wealth Advisors LLC lifted its holdings in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after buying an additional 65 shares during the period. Finally, Westfuller Advisors LLC boosted its stake in TE Connectivity by 120.2% in the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 101 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Price Performance

Shares of TEL stock opened at $207.46 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The firm has a fifty day moving average of $205.50 and a 200-day moving average of $214.73. The firm has a market capitalization of $60.56 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.36 and a beta of 1.17.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 11.45 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s payout ratio is currently 30.59%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. 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 directly owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TEL shares. Wells Fargo & Company lowered their target price on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a research report on Thursday. Evercore reaffirmed an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six 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 $251.15.

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.