VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in TE Connectivity Ltd. $TEL

Key Points

• Virginia Retirement Systems purchased 114,000 shares of TE Connectivity worth approximately $23 million in the second quarter. Institutional investors and hedge funds collectively own 91.43% of the company.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in adjusted EPS and $5.16 billion in revenue, up 13.8% year over year. Analysts expect the company to earn $11.48 per share for the current year.
• The company declared a quarterly dividend of $0.78 per share, equivalent to a 1.5% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $251.15, above the reported share price of $208.67.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 114,000 shares of the electronics maker's stock, valued at approximately $22,984,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of TE Connectivity by 11.1% in the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker's stock valued at $52,506,000 after purchasing an additional 23,074 shares during the last quarter. Man Group plc boosted its position in shares of TE Connectivity by 259.9% in the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker's stock valued at $284,941,000 after purchasing an additional 904,468 shares during the period. Swedbank AB grew its stake in TE Connectivity by 8.1% during the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker's stock worth $19,300,000 after buying an additional 6,385 shares during the last quarter. Jefferies Financial Group Inc. increased its position in TE Connectivity by 575.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker's stock worth $8,303,000 after buying an additional 31,096 shares during the period. Finally, Benjamin Edwards Inc. increased its position in TE Connectivity by 324.9% during the second quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker's stock worth $12,574,000 after buying an additional 47,691 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Up 0.0%

Shares of TE Connectivity stock opened at $208.67 on Tuesday. The firm has a market cap of $60.41 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The company's 50-day simple moving average is $205.82 and its 200-day simple moving average is $210.46. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity's payout ratio is 30.59%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TEL. Barclays increased their price objective on TE Connectivity from $297.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, June 15th. Wells Fargo & Company cut their target price on shares of TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Zacks Research downgraded shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Evercore reiterated an "in-line" rating and set a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Finally, Wall Street Zen raised shares of TE Connectivity from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $251.15.

TE Connectivity Company Profile

TE Connectivity NYSE: TEL is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company's products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.

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