Mitsubishi UFJ Asset Management Co. Ltd. Buys 28,695 Shares of TE Connectivity Ltd. $TEL

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 594,529 shares of the electronics maker’s stock after acquiring an additional 28,695 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of TE Connectivity worth $130,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. HHM Wealth Advisors LLC raised its position in TE Connectivity by 11.8% in the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 43 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of TE Connectivity by 3.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock valued at $320,000 after buying an additional 48 shares during the period. Dakota Community Bank & Trust NA raised its position in shares of TE Connectivity by 5.4% during the third quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock worth $209,000 after acquiring an additional 49 shares during the last quarter. Csenge Advisory Group boosted its holdings in TE Connectivity by 3.2% in the third quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock valued at $352,000 after acquiring an additional 50 shares during the last quarter. Finally, Security National Bank of SO Dak increased its position in TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after purchasing an additional 50 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Down 2.6%

Shares of NYSE:TEL opened at $236.10 on Friday. The firm has a market cap of $69.28 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 1.85 and a beta of 1.24. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company’s fifty day simple moving average is $230.70 and its 200 day simple moving average is $225.36. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the business earned $1.95 EPS. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 40.98%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TEL shares. Barclays upped their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Evercore upped their target price on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a research report on Wednesday, January 21st. Finally, Citigroup boosted their target price on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.93.

Insider Buying and Selling at TE Connectivity

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,545 shares of company stock worth $5,436,928. Corporate insiders own 0.60% of the company’s stock.

About TE Connectivity

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.