Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Position in TE Connectivity Ltd. $TEL

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in TE Connectivity Ltd. (NYSE:TEL) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,778 shares of the electronics maker’s stock after selling 11,950 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in TE Connectivity were worth $14,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in TE Connectivity by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock worth $8,741,226,000 after buying an additional 168,142 shares during the period. State Street Corp increased its stake in shares of TE Connectivity by 0.8% during the third quarter. State Street Corp now owns 13,028,927 shares of the electronics maker’s stock valued at $2,860,244,000 after buying an additional 100,194 shares during the period. Geode Capital Management LLC raised its holdings in shares of TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock valued at $1,425,669,000 after acquiring an additional 161,967 shares in the last quarter. Bank of America Corp DE lifted its stake in TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in TE Connectivity by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock worth $1,001,907,000 after acquiring an additional 144,353 shares during the period. 91.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TEL has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research report on Wednesday, April 22nd. Truist Financial lowered their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Finally, Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Stock Performance

Shares of TEL opened at $212.70 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The stock has a market cap of $62.09 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.51 and a beta of 1.16. The business’s 50 day moving average price is $214.26 and its 200-day moving average price is $221.29. TE Connectivity Ltd. has a 52 week low of $162.17 and a 52 week high of $252.56.

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

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

TE Connectivity announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 28,200 shares of company stock worth $6,140,644. Corporate 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.