California Public Employees Retirement System Sells 214,516 Shares of TE Connectivity Ltd. $TEL

California Public Employees Retirement System lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 14.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,243,256 shares of the electronics maker’s stock after selling 214,516 shares during the quarter. California Public Employees Retirement System’s holdings in TE Connectivity were worth $209,700,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of TE Connectivity in the second quarter worth about $609,158,000. Valeo Financial Advisors LLC grew its stake in TE Connectivity by 39,846.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock valued at $299,490,000 after acquiring an additional 1,771,153 shares in the last quarter. Nuveen LLC bought a new stake in TE Connectivity during the 1st quarter worth approximately $174,700,000. Wellington Management Group LLP lifted its stake in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after purchasing an additional 1,097,035 shares in the last quarter. Finally, Dodge & Cox lifted its stake in TE Connectivity by 6.3% in the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after purchasing an additional 1,017,323 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. This trade represents a 54.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TEL shares. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Barclays lifted their price objective on TE Connectivity from $277.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Truist Financial decreased their target price on TE Connectivity from $255.00 to $239.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, Citigroup boosted their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.46.

TE Connectivity Trading Up 0.4%

NYSE TEL opened at $234.27 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $230.36 and its two-hundred day simple moving average is $203.26. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67. The company has a market capitalization of $68.92 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 1.80 and a beta of 1.25.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.