California State Teachers Retirement System Lowers Holdings in TE Connectivity Ltd. $TEL

California State Teachers Retirement System reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 465,357 shares of the electronics maker’s stock after selling 8,960 shares during the quarter. California State Teachers Retirement System’s holdings in TE Connectivity were worth $97,269,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TEL. Vanguard Group Inc. boosted its stake in shares of TE Connectivity by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock worth $8,741,226,000 after buying an additional 168,142 shares during the last quarter. State Street Corp boosted its position in TE Connectivity by 0.6% in the 4th quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock worth $2,981,572,000 after purchasing an additional 76,292 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TE Connectivity by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after purchasing an additional 161,967 shares during the period. Bank of America Corp DE lifted its stake in shares of TE Connectivity by 27.5% in the 2nd 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 purchasing an additional 1,352,152 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in TE Connectivity by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock worth $1,001,907,000 after buying an additional 144,353 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 3.6%

TEL stock opened at $206.63 on Thursday. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The business’s 50-day moving average is $205.96 and its 200 day moving average is $214.47. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $59.82 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.43 and a beta of 1.17.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the business posted $2.27 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is presently 30.59%.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. 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 in the company, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. UBS Group reaffirmed a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. Wells Fargo & Company lowered their price target on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Robert W. Baird cut their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.15.

TE Connectivity Company 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.