TE Connectivity Ltd. $TEL Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in TE Connectivity Ltd. (NYSE:TEL) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,600 shares of the electronics maker’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in TE Connectivity were worth $2,631,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TEL. Martingale Asset Management L P lifted its holdings in TE Connectivity by 3.6% during the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock worth $255,000 after buying an additional 63 shares during the last quarter. Ballentine Partners LLC lifted its holdings in TE Connectivity by 1.4% during the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock worth $703,000 after buying an additional 68 shares during the last quarter. Hickory Point Bank & Trust lifted its holdings in TE Connectivity by 2.6% during the 2nd quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker’s stock worth $496,000 after buying an additional 75 shares during the last quarter. Wedmont Private Capital lifted its holdings in TE Connectivity by 4.3% during the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker’s stock worth $275,000 after buying an additional 80 shares during the last quarter. Finally, AllSquare Wealth Management LLC lifted its holdings in TE Connectivity by 7.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker’s stock worth $180,000 after buying an additional 83 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the transaction, the executive vice president owned 24,625 shares of the company’s stock, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,545 shares of company stock worth $25,040,158 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on TEL shares. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. KGI Securities upgraded TE Connectivity to a “hold” rating in a research report on Thursday, July 24th. Truist Financial lifted their target price on TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, Barclays assumed coverage on TE Connectivity in a research report on Tuesday. They set an “overweight” rating and a $249.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $219.42.

TE Connectivity Stock Performance

Shares of TEL stock opened at $222.34 on Friday. The stock has a market capitalization of $65.70 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 2.43 and a beta of 1.26. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $226.40. The stock’s 50-day moving average price is $210.15 and its 200 day moving average price is $176.62. 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 (NYSE:TEL) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping 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 firm posted $1.91 EPS. The firm’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. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio is presently 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.