Employees Retirement System of Texas Grows Stake in TE Connectivity Ltd. $TEL

Employees Retirement System of Texas grew its position in TE Connectivity Ltd. (NYSE:TEL) by 1,410.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,077 shares of the electronics maker’s stock after purchasing an additional 43,961 shares during the period. Employees Retirement System of Texas’ holdings in TE Connectivity were worth $10,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in TE Connectivity in the fourth quarter worth $25,000. Caitlin John LLC purchased a new position in TE Connectivity in the third quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new position in TE Connectivity in the third quarter worth $29,000. JFS Wealth Advisors LLC grew 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 worth $42,000 after purchasing an additional 65 shares during the last quarter. Finally, Westfuller Advisors LLC grew its holdings in TE Connectivity by 120.2% in the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 101 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock valued at $6,211,332 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Price Performance

Shares of TEL opened at $209.16 on Wednesday. The firm has a market capitalization of $61.05 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. TE Connectivity Ltd. has a 1-year low of $158.09 and a 1-year high of $252.56. The company’s fifty day moving average price is $212.34 and its 200-day moving average price is $222.77.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity announced that its board has approved a stock repurchase plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a dividend of $0.78 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s payout ratio is presently 31.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TEL shares. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Truist Financial cut their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Barclays cut their price target on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus target price of $256.57.

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.