Principal Financial Group Inc. Increases Stock Holdings in TE Connectivity Ltd. $TEL

Principal Financial Group Inc. boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,394 shares of the electronics maker’s stock after purchasing an additional 21,882 shares during the period. Principal Financial Group Inc.’s holdings in TE Connectivity were worth $73,849,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TEL. Mutual Advisors LLC acquired a new stake in shares of TE Connectivity during the 3rd quarter worth approximately $224,000. Frank Rimerman Advisors LLC purchased a new position in TE Connectivity in the third quarter worth approximately $524,000. Keybank National Association OH increased its stake in TE Connectivity by 1.0% during the third quarter. Keybank National Association OH now owns 7,536 shares of the electronics maker’s stock worth $1,654,000 after acquiring an additional 77 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new stake in TE Connectivity in the third quarter valued at $218,000. Finally, National Pension Service lifted its stake in shares of TE Connectivity by 4.8% in the 3rd quarter. National Pension Service now owns 539,175 shares of the electronics maker’s stock valued at $118,365,000 after purchasing an additional 24,546 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TE Connectivity stock opened at $226.25 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $231.00 and a 200-day simple moving average of $222.25. The stock has a market cap of $66.39 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 1.73 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.

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

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is presently 40.98%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup raised their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a research report on Wednesday, January 21st. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Robert W. Baird increased their price objective on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $250.86.

TE Connectivity Company 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.