Illinois Municipal Retirement Fund Boosts Position in TE Connectivity Ltd. $TEL

Illinois Municipal Retirement Fund grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 16.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,092 shares of the electronics maker’s stock after acquiring an additional 12,894 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in TE Connectivity were worth $20,497,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TEL. Metis Global Partners LLC boosted its position in shares of TE Connectivity by 12.5% during the fourth quarter. Metis Global Partners LLC now owns 11,291 shares of the electronics maker’s stock valued at $2,569,000 after purchasing an additional 1,253 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $73,000. Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $40,000. Fox Run Management L.L.C. boosted its position in shares of TE Connectivity by 103.0% during the fourth quarter. Fox Run Management L.L.C. now owns 8,164 shares of the electronics maker’s stock valued at $1,857,000 after purchasing an additional 4,143 shares in the last quarter. Finally, TIAA Trust National Association boosted its position in shares of TE Connectivity by 9.2% during the fourth quarter. TIAA Trust National Association now owns 3,659 shares of the electronics maker’s stock valued at $832,000 after purchasing an additional 309 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research report on Wednesday, April 22nd. Barclays dropped their target price on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.57.

TE Connectivity Trading Down 4.1%

TE Connectivity stock opened at $202.30 on Thursday. TE Connectivity Ltd. has a 12 month low of $162.17 and a 12 month high of $252.56. The business’s fifty day simple moving average is $214.55 and its two-hundred day simple moving average is $220.78. 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 company has a market capitalization of $59.05 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the previous year, the business earned $2.10 earnings per share. The company’s 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. As a group, equities analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s payout ratio is currently 31.87%.

TE Connectivity announced that its board has approved a share repurchase plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on 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 in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,200 shares of company stock valued at $6,140,644 in the last three months. 0.60% of the stock is owned by insiders.

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.