USS Investment Management Ltd Lowers Stock Holdings in TE Connectivity Ltd. $TEL

USS Investment Management Ltd reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 16.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 57,116 shares of the electronics maker’s stock after selling 11,480 shares during the quarter. USS Investment Management Ltd’s holdings in TE Connectivity were worth $11,936,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TEL. Norges Bank acquired a new stake in shares of TE Connectivity in the fourth quarter valued at $938,706,000. J. Stern & Co. LLP acquired a new position in shares of TE Connectivity during the fourth quarter worth about $445,402,000. Arrowstreet Capital Limited Partnership grew its position in shares of TE Connectivity by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after buying an additional 1,721,235 shares in the last quarter. Bank of America Corp DE increased its position in shares of TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of TE Connectivity by 183.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock valued at $348,184,000 after purchasing an additional 990,703 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Down 0.0%

TE Connectivity stock opened at $201.58 on Thursday. The company has a market capitalization of $58.84 billion, a P/E ratio of 20.59, a PEG ratio of 1.42 and a beta of 1.16. The stock has a 50-day simple moving average of $209.30 and a 200-day simple moving average of $218.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. TE Connectivity Ltd. has a fifty-two week low of $169.50 and a fifty-two week high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the firm posted $2.10 EPS. TE Connectivity’s revenue for the quarter was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity declared that its board has authorized a share buyback program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s payout ratio is 31.87%.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,200 shares of company stock worth $6,140,644 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TEL shares. Truist Financial lowered their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Evercore restated an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company increased their price target on shares of TE Connectivity from $226.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and an average price target of $254.93.

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.