New York State Teachers Retirement System Sells 26,097 Shares of TE Connectivity Ltd. $TEL

Key Points

• The New York State Teachers Retirement System reduced its stake in TE Connectivity Ltd. by 10.3%, selling 26,097 shares and holding 227,885 shares worth approximately $38.4 million.
• Insiders, including Shadrak W. Kroeger, sold a total of 124,545 shares worth over $25 million in the last three months, indicating a significant decrease in their ownership.
• Several analysts have raised their price targets for TE Connectivity, with Citigroup increasing its target from $230.00 to $250.00, while the average consensus target price is $219.92.

New York State Teachers Retirement System cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 227,885 shares of the electronics maker's stock after selling 26,097 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of TE Connectivity worth $38,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after acquiring an additional 5,502,415 shares in the last quarter. Dodge & Cox lifted its holdings in TE Connectivity by 0.4% during the first quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after acquiring an additional 56,871 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of TE Connectivity by 17.2% in the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after purchasing an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TE Connectivity by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after purchasing an additional 960,276 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its holdings in shares of TE Connectivity by 5.8% in the first quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock valued at $580,609,000 after purchasing an additional 224,422 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 25,976 shares of the company's stock, valued at $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 is available through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction that occurred on 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 approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock worth $25,040,158 in the last three months. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TEL has been the topic of a number of research reports. Evercore ISI boosted their price target on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Wells Fargo & Company boosted their price target on TE Connectivity from $198.00 to $215.00 and gave the company an "equal weight" rating in a report on Thursday, September 25th. Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. JPMorgan Chase & Co. boosted their price target on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Citigroup lifted their target price on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $219.92.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $224.03 on Friday. The business's 50 day moving average price is $212.03 and its two-hundred day moving average price is $179.18. The company has a market cap of $66.20 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $226.50.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates 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 business's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

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

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.

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