KLP Kapitalforvaltning AS Raises Stock Holdings in TE Connectivity Ltd. $TEL

KLP Kapitalforvaltning AS grew its stake in TE Connectivity Ltd. (NYSE:TEL) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,533 shares of the electronics maker’s stock after buying an additional 3,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in TE Connectivity were worth $18,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Appleton Partners Inc. MA increased its position in TE Connectivity by 0.8% in the second quarter. Appleton Partners Inc. MA now owns 16,215 shares of the electronics maker’s stock worth $2,735,000 after buying an additional 124 shares in the last quarter. PUREfi Wealth LLC purchased a new stake in shares of TE Connectivity during the second quarter worth about $267,000. Valeo Financial Advisors LLC grew its position in shares of TE Connectivity by 39,846.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock worth $299,490,000 after purchasing an additional 1,771,153 shares in the last quarter. Keudell Morrison Wealth Management purchased a new stake in shares of TE Connectivity during the second quarter worth about $204,000. Finally, OLD National Bancorp IN grew its position in shares of TE Connectivity by 48.8% during the second quarter. OLD National Bancorp IN now owns 3,512 shares of the electronics maker’s stock worth $592,000 after purchasing an additional 1,152 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,545 shares of company stock valued at $25,040,158. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TEL shares. Robert W. Baird set a $232.00 target price on TE Connectivity in a research report on Wednesday, September 3rd. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 31st. Wells Fargo & Company increased their price target on TE Connectivity from $198.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Truist Financial increased their price target on TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 24th. Finally, Bank of America increased their price target on TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $219.42.

TE Connectivity Price Performance

Shares of TEL stock opened at $224.43 on Thursday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $225.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The firm has a market capitalization of $66.31 billion, a P/E ratio of 46.47, a P/E/G ratio of 2.40 and a beta of 1.26. The stock has a 50 day moving average price of $209.81 and a 200 day moving average price of $176.12.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.91 EPS. TE Connectivity’s quarterly revenue was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 58.80%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.