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

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in TE Connectivity Ltd. by 8.2%, now holding 66,427 shares valued at $9,387,000.
• TE Connectivity reported a Q2 EPS of $2.27, beating estimates of $2.08, with revenue of $4.53 billion, up 13.9% year-over-year.
• The company announced a quarterly dividend of $0.71 per share, resulting in an annualized dividend of $2.84 and a yield of 1.4%.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,427 shares of the electronics maker's stock after selling 5,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in TE Connectivity were worth $9,387,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted its position in TE Connectivity by 10.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,471 shares of the electronics maker's stock worth $1,197,000 after purchasing an additional 812 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in TE Connectivity by 109.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 494 shares of the electronics maker's stock worth $70,000 after purchasing an additional 258 shares in the last quarter. National Pension Service boosted its position in TE Connectivity by 5.2% during the first quarter. National Pension Service now owns 816,581 shares of the electronics maker's stock worth $115,399,000 after purchasing an additional 40,062 shares in the last quarter. Dagco Inc. purchased a new stake in TE Connectivity during the first quarter worth $35,000. Finally, Russell Investments Group Ltd. boosted its position in TE Connectivity by 5.6% during the first quarter. Russell Investments Group Ltd. now owns 464,802 shares of the electronics maker's stock worth $65,722,000 after purchasing an additional 24,529 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Trading Down 1.0%

NYSE TEL traded down $1.9430 during trading hours on Wednesday, hitting $201.4470. 2,272,976 shares of the company's stock were exchanged, compared to its average volume of 1,988,361. The business's 50 day moving average is $184.83 and its 200-day moving average is $160.78. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $212.76. The firm has a market capitalization of $59.52 billion, a P/E ratio of 41.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio is currently 58.80%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company's stock, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,795 shares of company stock valued at $26,401,597. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TEL shares. The Goldman Sachs Group restated a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Wells Fargo & Company upped their price objective on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Truist Financial upped their price objective on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Bank of America upped their price objective on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $197.55.

About TE Connectivity

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.