TE Connectivity Ltd. $TEL Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its position in TE Connectivity Ltd. (NYSE:TEL) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 469,744 shares of the electronics maker’s stock after purchasing an additional 68,417 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.16% of TE Connectivity worth $79,232,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of TE Connectivity by 54.4% in the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after purchasing an additional 565,857 shares during the period. Foresight Group Ltd Liability Partnership acquired a new stake in TE Connectivity during the 1st quarter worth approximately $31,983,000. Syntegra Private Wealth Group LLC purchased a new position in TE Connectivity in the 2nd quarter valued at approximately $215,000. Ascent Group LLC acquired a new position in shares of TE Connectivity in the first quarter worth $364,000. Finally, Simon Quick Advisors LLC purchased a new stake in shares of TE Connectivity during the second quarter worth $287,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 131,171 shares of company stock valued at $31,380,209 over the last 90 days. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

TEL has been the topic of several analyst reports. Citigroup raised their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 30th. KGI Securities raised shares of TE Connectivity to a “hold” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, UBS Group raised their target price on TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.58.

TE Connectivity Trading Down 0.2%

Shares of TEL stock opened at $246.60 on Thursday. The stock has a market cap of $72.87 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The business has a fifty day simple moving average of $225.26 and a 200-day simple moving average of $194.20.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business posted $1.95 earnings per share. TE Connectivity’s revenue was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. TE Connectivity’s payout ratio is 46.18%.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.