Korea Investment CORP Purchases 12,676 Shares of TE Connectivity Ltd. $TEL

Korea Investment CORP raised its position in TE Connectivity Ltd. (NYSE:TEL) by 6.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,899 shares of the electronics maker’s stock after acquiring an additional 12,676 shares during the quarter. Korea Investment CORP owned approximately 0.07% of TE Connectivity worth $47,835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of TE Connectivity in the 2nd quarter worth approximately $609,158,000. Bank of America Corp DE increased its holdings in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after buying an additional 1,352,152 shares during the last quarter. Dodge & Cox raised its position in TE Connectivity by 6.3% in the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after acquiring an additional 1,017,323 shares during the period. Bahl & Gaynor Inc. grew its position in shares of TE Connectivity by 40,481.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock valued at $114,788,000 after acquiring an additional 678,871 shares during the period. Finally, Boston Partners increased its stake in shares of TE Connectivity by 34.5% in the 2nd quarter. Boston Partners now owns 1,904,718 shares of the electronics maker’s stock worth $321,463,000 after purchasing an additional 488,269 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TEL. UBS Group lifted their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Barclays boosted their price objective on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Truist Financial raised their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.93.

TE Connectivity Stock Down 2.2%

Shares of NYSE:TEL opened at $205.99 on Monday. The company has a market cap of $60.44 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.57 and a beta of 1.23. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $228.29 and a 200 day moving average price of $226.03.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.17. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s payout ratio is currently 40.98%.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the transaction, the insider owned 25,976 shares in the company, valued at $5,780,179.52. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 32,945 shares of company stock worth $7,528,616. Company 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.