OMERS ADMINISTRATION Corp Acquires 4,577 Shares of TE Connectivity Ltd. $TEL

OMERS ADMINISTRATION Corp lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 23.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,998 shares of the electronics maker’s stock after buying an additional 4,577 shares during the period. OMERS ADMINISTRATION Corp’s holdings in TE Connectivity were worth $5,016,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of TEL. Waverly Advisors LLC boosted its stake in TE Connectivity by 13.6% in the first quarter. Waverly Advisors LLC now owns 3,137 shares of the electronics maker’s stock valued at $656,000 after buying an additional 376 shares in the last quarter. Entropy Technologies LP raised its stake in TE Connectivity by 104.7% during the first quarter. Entropy Technologies LP now owns 6,171 shares of the electronics maker’s stock worth $1,290,000 after acquiring an additional 3,157 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of TE Connectivity by 289.3% in the first quarter. Renaissance Technologies LLC now owns 536,510 shares of the electronics maker’s stock worth $112,141,000 after acquiring an additional 398,710 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of TE Connectivity by 3.6% in the first quarter. Public Employees Retirement System of Ohio now owns 14,204 shares of the electronics maker’s stock worth $2,969,000 after acquiring an additional 497 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of TE Connectivity by 7.7% in the 1st quarter. Compound Planning Inc. now owns 7,587 shares of the electronics maker’s stock valued at $1,586,000 after purchasing an additional 545 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, June 1st. 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 owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TEL has been the topic of several research reports. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a report on Thursday, April 23rd. Robert W. Baird cut their target price on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup decreased 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 note on Monday, July 13th. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, UBS Group reiterated a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.15.

TE Connectivity Stock Up 0.0%

Shares of NYSE TEL opened at $202.95 on Monday. The company has a 50 day simple moving average of $205.36 and a 200 day simple moving average of $214.89. The firm has a market cap of $59.24 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.17. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the company earned $2.27 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, research analysts forecast that TE Connectivity Ltd. will post 11.45 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is 30.59%.

TE Connectivity 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.