New York State Common Retirement Fund Grows Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Industries TE Industries

Posted by TEAdmin on 2025-03-10 06:00:34 | Last Updated by TEAdmin on 2025-05-05 16:33:46

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TE Connectivity Sees Increased Investment and Positive Analyst Ratings

The New York State Common Retirement Fund significantly boosted its stake in TE Connectivity Ltd. (NYSE:TEL), increasing its holdings by 48.8% in the fourth quarter. According to its latest SEC filing, the fund acquired an additional 368 shares, bringing its total to 1,122 shares, valued at $160,000.

Other institutional investors have also adjusted their positions in TE Connectivity. Pinnacle Bancorp Inc., Golden State Wealth Management LLC, and Hilltop National Bank were among those that recently initiated positions in the stock. Institutional ownership now accounts for 91.43% of TE Connectivity’s shares.

Analyst Ratings

Company insider Shadrak W. Kroeger sold 25,000 shares on March 4th at an average price of $146.77, totaling $3.67 million. Following this transaction, Kroeger now holds 25,976 shares. Analyst ratings remain mixed but generally positive. Wells Fargo & Company raised its price target to $155, while Bank of America increased its target to $170, maintaining a "buy" rating. HSBC upgraded the stock from "reduce" to "hold," setting a price target of $166. Overall, TE Connectivity holds a consensus rating of "Hold" with an average price target of $167.

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