TE Connectivity Ltd. $TEL Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 42.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,528 shares of the electronics maker’s stock after acquiring an additional 27,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in TE Connectivity were worth $19,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC raised its position in TE Connectivity by 16.4% in the first quarter. Elevation Point Wealth Partners LLC now owns 11,514 shares of the electronics maker’s stock valued at $2,407,000 after purchasing an additional 1,618 shares during the period. Prasad Wealth Partners LLC acquired a new position in TE Connectivity during the 1st quarter worth $1,013,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in shares of TE Connectivity by 10.8% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 28,305 shares of the electronics maker’s stock worth $5,916,000 after purchasing an additional 2,769 shares during the last quarter. Keybank National Association OH increased its holdings in TE Connectivity by 15.2% in the first quarter. Keybank National Association OH now owns 10,276 shares of the electronics maker’s stock valued at $2,148,000 after buying an additional 1,358 shares during the last quarter. Finally, Essex Financial Services Inc. increased its stake in TE Connectivity by 10.2% during the first quarter. Essex Financial Services Inc. now owns 2,107 shares of the electronics maker’s stock valued at $440,000 after purchasing an additional 195 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TEL shares. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a research report on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, Evercore reissued an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $254.93.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $197.63 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The firm has a market cap of $57.69 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The business has a fifty day moving average of $207.92 and a 200-day moving average of $218.05. TE Connectivity Ltd. has a twelve month low of $170.58 and a twelve month high of $252.56.

TE Connectivity (NYSE:TEL) last posted 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. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 EPS. 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 11.33 EPS 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. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s payout ratio is currently 31.87%.

TE Connectivity announced that its board has initiated a stock buyback program on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the 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 directly owned 25,976 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. 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 in the last quarter. 0.60% of the stock is currently owned by company insiders.

About TE Connectivity

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.