Louisiana State Employees Retirement System Makes New $3.13 Million Investment in TE Connectivity Ltd. $TEL

Louisiana State Employees Retirement System bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the electronics maker’s stock, valued at approximately $3,135,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TEL. Brighton Jones LLC purchased a new position in TE Connectivity during the fourth quarter valued at $820,000. Sivia Capital Partners LLC raised its stake in TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 1,007 shares during the period. Walleye Capital LLC increased its stake in TE Connectivity by 14.6% during the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock worth $453,000 after acquiring an additional 343 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of TE Connectivity by 1,214.0% during the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock worth $17,755,000 after purchasing an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in shares of TE Connectivity by 75.0% in the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after acquiring an additional 9,980 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $198.14 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The firm has a market cap of $57.84 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. The company’s 50-day moving average is $211.87 and its two-hundred day moving average is $219.28. TE Connectivity Ltd. has a 12-month low of $166.58 and a 12-month high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period last year, the company earned $2.10 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Research analysts expect that TE Connectivity Ltd. will post 11.31 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.6%. TE Connectivity’s dividend payout ratio (DPR) is 31.87%.

TE Connectivity announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a research report on Thursday, April 23rd. Finally, Evercore restated an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $254.93.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. The stock was 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 owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 28,200 shares of company stock valued at $6,140,644. Corporate insiders own 0.60% of the company’s stock.

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.