OMERS ADMINISTRATION Corp Buys 4,577 Shares of TE Connectivity Ltd. $TEL

OMERS ADMINISTRATION Corp raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,998 shares of the electronics maker’s stock after acquiring an additional 4,577 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in TE Connectivity were worth $5,016,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TEL. Waverly Advisors LLC lifted its holdings in TE Connectivity by 13.6% during the 1st quarter. Waverly Advisors LLC now owns 3,137 shares of the electronics maker’s stock worth $656,000 after purchasing an additional 376 shares during the last quarter. Entropy Technologies LP boosted its stake in TE Connectivity by 104.7% in the 1st quarter. Entropy Technologies LP now owns 6,171 shares of the electronics maker’s stock valued at $1,290,000 after purchasing an additional 3,157 shares during the period. Renaissance Technologies LLC grew its holdings in TE Connectivity by 289.3% in the 1st quarter. Renaissance Technologies LLC now owns 536,510 shares of the electronics maker’s stock valued at $112,141,000 after buying an additional 398,710 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in TE Connectivity by 3.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 14,204 shares of the electronics maker’s stock valued at $2,969,000 after buying an additional 497 shares in the last quarter. Finally, Compound Planning Inc. increased its position in TE Connectivity by 7.7% during the 1st quarter. Compound Planning Inc. now owns 7,587 shares of the electronics maker’s stock worth $1,586,000 after buying an additional 545 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TEL has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday. Truist Financial lowered their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Evercore reiterated an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Barclays boosted their price objective on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $251.15.

TE Connectivity Stock Performance

NYSE:TEL opened at $202.95 on Monday. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.36 and a beta of 1.17. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The stock has a fifty day moving average price of $205.36 and a 200-day moving average price of $214.89.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 11.45 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

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.