Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in TE Connectivity Ltd. $TEL

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 10.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,651 shares of the electronics maker’s stock after acquiring an additional 3,718 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TE Connectivity were worth $8,924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TE Connectivity by 11.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after acquiring an additional 4,310 shares during the period. Nordea Investment Management AB lifted its stake in TE Connectivity by 54.4% in the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after purchasing an additional 565,857 shares during the last quarter. Vanguard Group Inc. lifted its stake in TE Connectivity by 1.1% in the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after purchasing an additional 410,910 shares during the last quarter. PFG Investments LLC purchased a new stake in TE Connectivity in the second quarter worth $274,000. Finally, Vise Technologies Inc. bought a new stake in shares of TE Connectivity in the second quarter valued at $917,000. Institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other news, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the sale, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

NYSE TEL opened at $231.57 on Friday. The company’s 50 day simple moving average is $232.62 and its two-hundred day simple moving average is $215.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock has a market capitalization of $68.12 billion, a PE ratio of 37.65, a P/E/G ratio of 1.78 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the business earned $1.95 EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore ISI increased their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Truist Financial lifted their target price on shares of TE Connectivity from $239.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. The Goldman Sachs Group upped their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $244.85.

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.