TE Connectivity Ltd. $TEL Stake Boosted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in TE Connectivity Ltd. (NYSE:TEL) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,287 shares of the electronics maker’s stock after purchasing an additional 6,755 shares during the period. State of New Jersey Common Pension Fund D’s holdings in TE Connectivity were worth $22,675,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of TE Connectivity by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after purchasing an additional 410,910 shares in the last quarter. Principal Financial Group Inc. grew its position in TE Connectivity by 7.0% in the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock worth $73,849,000 after buying an additional 21,882 shares during the last quarter. J. Safra Sarasin Holding AG increased its holdings in shares of TE Connectivity by 132.5% in the third quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock valued at $2,952,000 after buying an additional 7,664 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of TE Connectivity by 3.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker’s stock valued at $363,215,000 after acquiring an additional 56,833 shares during the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of TE Connectivity during the 2nd quarter worth $917,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Performance

Shares of TEL opened at $235.99 on Monday. The company has a market capitalization of $69.25 billion, a PE ratio of 34.05, a PEG ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The company’s 50 day moving average price is $230.09 and its 200 day moving average price is $223.54. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67.

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

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio is presently 40.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Wells Fargo & Company upped their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, UBS Group lifted their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and an average price target of $251.93.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the transaction, the executive vice president owned 21,810 shares in the company, valued at approximately $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by company insiders.

About TE Connectivity

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.