Mitsubishi UFJ Trust & Banking Corp Has $103.76 Million Position in TE Connectivity Ltd. $TEL

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 472,665 shares of the electronics maker’s stock after purchasing an additional 2,921 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of TE Connectivity worth $103,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC acquired a new position in TE Connectivity in the 2nd quarter valued at $26,000. Neo Ivy Capital Management acquired a new stake in shares of TE Connectivity in the second quarter valued at about $30,000. Salomon & Ludwin LLC increased its stake in shares of TE Connectivity by 58.9% in 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 during the period. Caldwell Trust Co acquired a new position in shares of TE Connectivity during the 2nd quarter worth about $31,000. Finally, Richardson Financial Services Inc. bought a new stake in TE Connectivity during the 2nd quarter valued at approximately $33,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the topic of several recent analyst reports. Citigroup lifted their price target on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Robert W. Baird upped their target price on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Truist Financial increased their price target on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday. Evercore ISI boosted their price objective on shares of TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Barclays increased their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.38.

Insider Buying and Selling at TE Connectivity

In other news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the 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 sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by insiders.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $223.86 on Friday. The firm has a market cap of $65.71 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The firm’s 50-day simple moving average is $230.89 and its 200-day simple moving average is $219.17. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.65.

TE Connectivity (NYSE:TEL) last posted its quarterly 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 firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, research 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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio is currently 40.98%.

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.