Public Sector Pension Investment Board Purchases 3,515 Shares of TE Connectivity Ltd. $TEL

Key Points

• The Public Sector Pension Investment Board increased its stake in TE Connectivity Ltd. by 8.2%, acquiring an additional 3,515 shares for a total of 46,214 shares valued at $6.53 million.
• Insider trading activity was noted as Aaron Kyle Stucki sold 52,900 shares, marking a 69.09% reduction in his position, with total insider sales amounting to $26.4 million in the last 90 days.
• TE Connectivity announced a quarterly dividend of $0.71 per share, resulting in an annualized dividend yield of 1.4%, with a dividend payout ratio of 58.80%.

Public Sector Pension Investment Board boosted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,214 shares of the electronics maker's stock after acquiring an additional 3,515 shares during the quarter. Public Sector Pension Investment Board's holdings in TE Connectivity were worth $6,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC bought a new stake in TE Connectivity in the first quarter worth about $28,000. Millstone Evans Group LLC bought a new stake in TE Connectivity in the first quarter worth about $32,000. North Capital Inc. bought a new stake in TE Connectivity in the first quarter worth about $46,000. Global X Japan Co. Ltd. bought a new stake in TE Connectivity in the first quarter worth about $47,000. Finally, Bartlett & CO. Wealth Management LLC raised its position in TE Connectivity by 650.8% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock worth $69,000 after acquiring an additional 423 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TEL has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Robert W. Baird boosted their price objective on TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a report on Thursday, April 24th. UBS Group boosted their price objective on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $197.55.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,795 shares of company stock worth $26,401,597. Insiders own 0.90% of the company's stock.

TE Connectivity Stock Down 0.8%

NYSE:TEL traded down $1.5330 on Thursday, hitting $200.0170. 1,677,687 shares of the company's stock traded hands, compared to its average volume of 1,861,563. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $212.76. The firm has a 50-day moving average price of $185.51 and a 200-day moving average price of $161.15. The company has a market cap of $59.10 billion, a PE ratio of 41.41, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23.

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, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company 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 business's revenue for the quarter was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS 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. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's payout ratio is 58.80%.

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.