Healthcare of Ontario Pension Plan Trust Fund Raises Stake in TE Connectivity Ltd. $TEL

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1,025.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 131,629 shares of the electronics maker’s stock after buying an additional 119,932 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in TE Connectivity were worth $29,947,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in TE Connectivity in the 4th quarter worth about $25,000. Caitlin John LLC bought a new position in TE Connectivity in the 3rd quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity in the 3rd quarter worth about $29,000. Geneos Wealth Management Inc. increased its stake in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in TE Connectivity in the 4th quarter worth about $40,000. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TEL shares. Wells Fargo & Company upped their target price on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a research note on Wednesday, April 22nd. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group reduced their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.79.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 28,200 shares of company stock worth $6,140,644. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $215.88 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $63.02 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The business’s 50-day moving average price is $214.64 and its 200-day moving average price is $220.59. TE Connectivity Ltd. has a 12 month low of $162.17 and a 12 month high of $252.56.

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

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity’s dividend payout ratio is currently 31.87%.

TE Connectivity announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.