20,100 Shares in TE Connectivity Ltd. $TEL Acquired by SBI Okasan Asset Management Co.Ltd.

SBI Okasan Asset Management Co.Ltd. bought a new stake in TE Connectivity Ltd. (NYSE:TEL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 20,100 shares of the electronics maker’s stock, valued at approximately $4,659,000. TE Connectivity comprises about 0.3% of SBI Okasan Asset Management Co.Ltd.’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in TE Connectivity by 1,386.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 181,326 shares of the electronics maker’s stock valued at $41,253,000 after purchasing an additional 169,126 shares during the last quarter. Intech Investment Management LLC increased its holdings in TE Connectivity by 2.9% in the 4th quarter. Intech Investment Management LLC now owns 12,800 shares of the electronics maker’s stock valued at $2,912,000 after purchasing an additional 364 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in TE Connectivity by 4.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 2,317 shares of the electronics maker’s stock valued at $527,000 after purchasing an additional 92 shares during the last quarter. IFG Advisory LLC increased its holdings in TE Connectivity by 2.8% in the 4th quarter. IFG Advisory LLC now owns 5,081 shares of the electronics maker’s stock valued at $1,156,000 after purchasing an additional 137 shares during the last quarter. Finally, Huntington National Bank increased its holdings in TE Connectivity by 8.5% in the 4th quarter. Huntington National Bank now owns 3,765 shares of the electronics maker’s stock valued at $857,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock valued at $6,211,332 over the last three months. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

TEL has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Truist Financial dropped their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, UBS Group decreased their price target on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $256.57.

TE Connectivity Price Performance

TE Connectivity stock opened at $210.85 on Friday. The stock has a market cap of $61.55 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.48 and a beta of 1.18. The company has a fifty day simple moving average of $212.58 and a 200-day simple moving average of $222.32. TE Connectivity Ltd. has a 12-month low of $158.09 and a 12-month high of $252.56. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities analysts expect that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the electronics maker to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s dividend payout ratio is presently 31.87%.

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.