Canada Pension Plan Investment Board Purchases 102,583 Shares of TE Connectivity Ltd. $TEL

Key Points

• Canada Pension Plan Investment Board increased its holdings in TE Connectivity by 7.0%, owning approximately 1.58 million shares valued at $222.91 million.
• TE Connectivity reported an earnings per share (EPS) of $2.27 for the last quarter, exceeding analysts' expectations, with revenues of $4.53 billion, up 13.9% year-over-year.
• The company announced a quarterly dividend of $0.71 per share, providing a yield of 1.4%, to be distributed to shareholders on September 12th.

Canada Pension Plan Investment Board raised its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,577,343 shares of the electronics maker's stock after acquiring an additional 102,583 shares during the period. Canada Pension Plan Investment Board owned approximately 0.53% of TE Connectivity worth $222,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEL. Vanguard Group Inc. raised its holdings in TE Connectivity by 17.0% in the 1st 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 in the last quarter. Nuveen LLC acquired a new position in shares of TE Connectivity during the 1st quarter worth $174,700,000. Wellington Management Group LLP raised its holdings in shares of TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock worth $1,054,133,000 after buying an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock worth $927,571,000 after buying an additional 960,276 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in shares of TE Connectivity during the 4th quarter worth $127,351,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research analyst reports. Citigroup boosted their price target on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Robert W. Baird set a $232.00 price target on TE Connectivity in a research note on Wednesday. Wall Street Zen cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. Finally, Truist Financial increased their price target on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $199.55.

TE Connectivity Trading Up 0.3%

Shares of TE Connectivity stock traded up $0.68 on Wednesday, hitting $205.24. 329,925 shares of the company's stock traded hands, compared to its average volume of 1,827,937. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The company has a fifty day moving average of $192.22 and a two-hundred day moving average of $164.46. The company has a market capitalization of $60.65 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23.

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 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 analyst estimates of $4.30 billion. During the same quarter in the prior year, the company earned $1.91 EPS. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Insider Transactions at TE Connectivity

In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of the 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 transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 137,645 shares of company stock worth $27,267,158 in the last three months. 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.