KLP Kapitalforvaltning AS Acquires 3,700 Shares of TE Connectivity Ltd. $TEL

Key Points

• KLP Kapitalforvaltning AS increased its stake in TE Connectivity Ltd. by 3.5%, acquiring an additional 3,700 shares, bringing its total holdings to 110,533 shares valued at approximately $18.69 million.
• Recent analyst reports have led to a mix of ratings for TE Connectivity, with one upgrade and various price target increases, including a rise from $186.00 to $204.00 by JPMorgan Chase & Co..
• TE Connectivity has announced a quarterly dividend of $0.71 per share, with the ex-dividend date on November 21st, contributing to an annualized dividend yield of 1.3%.

KLP Kapitalforvaltning AS boosted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,533 shares of the electronics maker's stock after purchasing an additional 3,700 shares during the quarter. KLP Kapitalforvaltning AS's holdings in TE Connectivity were worth $18,686,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TEL. Costello Asset Management INC bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $28,000. Millstone Evans Group LLC bought a new stake in TE Connectivity during the first quarter worth $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in TE Connectivity during the first quarter worth $34,000. Ransom Advisory Ltd bought a new stake in TE Connectivity during the first quarter worth $34,000. Finally, Dagco Inc. bought a new stake in TE Connectivity during the first quarter worth $35,000. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Bank of America upped their price target on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Weiss Ratings restated a "hold (c+)" rating on shares of TE Connectivity in a research note on Wednesday. KGI Securities upgraded TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and a consensus price target of $219.42.

TE Connectivity Price Performance

TEL opened at $224.43 on Thursday. The stock's 50 day simple moving average is $209.81 and its 200 day simple moving average is $176.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $225.27. The firm has a market cap of $66.31 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 2.40 and a beta of 1.26.

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

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity's payout ratio is currently 58.80%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the transaction, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. Company insiders own 0.90% of the company's stock.

TE Connectivity Company 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.

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