Norinchukin Bank The Boosts Holdings in TE Connectivity Ltd. $TEL

Key Points

• Norinchukin Bank has increased its stake in TE Connectivity Ltd. by 14.4%, acquiring an additional 1,873 shares, resulting in a total holding worth $2,097,000.
• Corporate insiders sold a total of 138,795 shares of TE Connectivity stock in the last ninety days, valued at approximately $26.4 million.
• TE Connectivity recently reported earnings of $2.27 per share for the last quarter, exceeding analysts' expectations and showing a revenue increase of 13.9% year-over-year.

Norinchukin Bank The boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 14.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,836 shares of the electronics maker's stock after buying an additional 1,873 shares during the quarter. Norinchukin Bank The's holdings in TE Connectivity were worth $2,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after acquiring an additional 5,502,415 shares during the last quarter. Wellington Management Group LLP grew its stake 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 worth $1,054,133,000 after purchasing an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. raised its position in TE Connectivity by 11.8% during the 4th quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock valued at $801,101,000 after purchasing an additional 592,072 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in TE Connectivity by 15.3% during the 4th quarter. EdgePoint Investment Group Inc. now owns 3,884,050 shares of the electronics maker's stock valued at $555,303,000 after purchasing an additional 516,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in TE Connectivity by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,273,022 shares of the electronics maker's stock worth $462,564,000 after buying an additional 48,458 shares during the period. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Up 0.0%

Shares of TEL stock traded up $0.0780 during mid-day trading on Monday, reaching $205.0780. 1,315,693 shares of the company's stock traded hands, compared to its average volume of 1,769,425. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $212.76. The company has a market cap of $60.60 billion, a P/E ratio of 42.46, a P/E/G ratio of 2.44 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The company's 50-day moving average price is $187.15 and its 200-day moving average price is $162.19.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the business posted $1.91 EPS. The company's quarterly revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. KGI Securities raised TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Citigroup boosted their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Truist Financial boosted their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Finally, UBS Group boosted their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $197.55.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the sale, the insider owned 25,976 shares in the company, valued at approximately $4,130,963.28. The trade was a 49.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 138,795 shares of company stock worth $26,401,597. Corporate insiders own 0.90% of the company's stock.

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.