Czech National Bank Raises Position in TE Connectivity Ltd. $TEL

Czech National Bank lifted its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,085 shares of the electronics maker’s stock after purchasing an additional 3,170 shares during the quarter. Czech National Bank’s holdings in TE Connectivity were worth $16,751,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in TE Connectivity during the fourth quarter worth $938,706,000. J. Stern & Co. LLP purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $445,402,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TE Connectivity by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after acquiring an additional 1,721,235 shares during the last quarter. Bank of America Corp DE grew its holdings in TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in TE Connectivity by 183.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after purchasing an additional 990,703 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.6%

Shares of NYSE TEL opened at $216.39 on Friday. The business has a fifty day moving average price of $206.67 and a 200 day moving average price of $213.40. 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. The stock has a market capitalization of $62.65 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s payout ratio is currently 30.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Citigroup dropped 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. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.15.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

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.