Texas Permanent School Fund Corp Sells 11,324 Shares of TE Connectivity Ltd. $TEL

Texas Permanent School Fund Corp reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 35.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,834 shares of the electronics maker’s stock after selling 11,324 shares during the quarter. Texas Permanent School Fund Corp’s holdings in TE Connectivity were worth $3,514,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of TE Connectivity in the fourth quarter worth $820,000. Aptus Capital Advisors LLC lifted its holdings in TE Connectivity by 51.6% during the 1st quarter. Aptus Capital Advisors LLC now owns 4,411 shares of the electronics maker’s stock worth $623,000 after purchasing an additional 1,501 shares in the last quarter. Credit Agricole S A boosted its stake in TE Connectivity by 7.3% in the 1st quarter. Credit Agricole S A now owns 77,235 shares of the electronics maker’s stock worth $10,915,000 after purchasing an additional 5,242 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in TE Connectivity by 28.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,829 shares of the electronics maker’s stock valued at $542,000 after buying an additional 840 shares in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock worth $255,000 after buying an additional 63 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TE Connectivity

In other news, 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 completion of the sale, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

NYSE TEL opened at $225.91 on Friday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a fifty day moving average of $232.39 and a 200-day moving average of $207.22. The company has a market capitalization of $66.46 billion, a P/E ratio of 36.73, a P/E/G ratio of 1.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.56.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, equities research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 yield of 1.3%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. TD Cowen raised their price target on shares of TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, November 17th. Wells Fargo & Company upped their price target on shares of TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Finally, Truist Financial reduced their target price on TE Connectivity from $255.00 to $239.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.77.

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.