193,421 Shares in TE Connectivity Ltd. $TEL Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 193,421 shares of the electronics maker’s stock, valued at approximately $38,996,000. Handelsbanken Fonder AB owned approximately 0.07% of TE Connectivity as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Gulf International Bank UK Ltd lifted its holdings in shares of TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after acquiring an additional 44 shares in the last quarter. MCF Advisors LLC increased its holdings in TE Connectivity by 14.1% in the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after purchasing an additional 45 shares in the last quarter. Webster Bank N. A. increased its holdings in TE Connectivity by 19.1% in the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 46 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in TE Connectivity by 5.6% in the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after purchasing an additional 47 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of TE Connectivity by 4.2% during the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after purchasing an additional 48 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TEL has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Citigroup reduced their target price on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.

TE Connectivity Stock Up 2.1%

Shares of NYSE TEL opened at $218.73 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56. The stock’s 50-day simple moving average is $206.80 and its 200-day simple moving average is $212.99. The firm has a market cap of $63.32 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.43 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. TE Connectivity’s revenue for the quarter was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is 30.59%.

Insider Buying and Selling at TE Connectivity

In other 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 completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

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.