Mitsubishi UFJ Trust & Banking Corp Acquires 2,921 Shares of TE Connectivity Ltd. $TEL

Mitsubishi UFJ Trust & Banking Corp grew its holdings in TE Connectivity Ltd. (NYSE:TEL) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 472,665 shares of the electronics maker’s stock after purchasing an additional 2,921 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in TE Connectivity were worth $103,764,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Princeton Global Asset Management LLC acquired a new position in TE Connectivity during the 2nd quarter worth about $26,000. Neo Ivy Capital Management bought a new position in shares of TE Connectivity in the second quarter worth about $30,000. Salomon & Ludwin LLC lifted its position in shares of TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares in the last quarter. Caldwell Trust Co bought a new stake in shares of TE Connectivity during the second quarter valued at approximately $31,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $33,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total value of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

TE Connectivity Trading Down 3.2%

NYSE TEL opened at $223.86 on Friday. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The stock has a 50-day simple moving average of $230.89 and a 200 day simple moving average of $219.17. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $65.71 billion, a PE ratio of 32.30, a P/E/G ratio of 1.79 and a beta of 1.24.

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

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio is presently 40.98%.

Analysts Set New Price Targets

Several research firms have issued reports on TEL. Wells Fargo & Company upped their price objective on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup upped their price target on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Barclays raised their price target on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Truist Financial raised their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.38.

TE Connectivity 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.