Keudell Morrison Wealth Management acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,210 shares of the electronics maker's stock, valued at approximately $204,000.
A number of other institutional investors have also recently modified their holdings of the stock. OLD National Bancorp IN raised its position in shares of TE Connectivity by 48.8% in the 2nd quarter. OLD National Bancorp IN now owns 3,512 shares of the electronics maker's stock worth $592,000 after purchasing an additional 1,152 shares during the last quarter. Berger Financial Group Inc increased its stake in TE Connectivity by 1.0% during the 2nd quarter. Berger Financial Group Inc now owns 37,849 shares of the electronics maker's stock valued at $6,384,000 after purchasing an additional 378 shares in the last quarter. Boston Common Asset Management LLC purchased a new position in TE Connectivity in the second quarter worth about $5,023,000. 111 Capital lifted its stake in shares of TE Connectivity by 435.1% in the second quarter. 111 Capital now owns 9,124 shares of the electronics maker's stock worth $1,539,000 after buying an additional 7,419 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of TE Connectivity by 4.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,430 shares of the electronics maker's stock valued at $410,000 after buying an additional 98 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Stock Down 0.1%
TE Connectivity stock opened at $221.00 on Monday. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $224.97. The stock has a fifty day moving average of $208.91 and a 200 day moving average of $174.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The stock has a market cap of $65.30 billion, a PE ratio of 45.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $1.91 EPS. The business's quarterly revenue was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.
Insider Buying and Selling at TE Connectivity
In related news, insider Shadrak W. Kroeger sold 23,850 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares in the company, valued at $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on TEL shares. Bank of America raised their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. KGI Securities raised TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Robert W. Baird set a $232.00 price target on TE Connectivity in a report on Wednesday, September 3rd. Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Finally, The Goldman Sachs Group boosted their target price on TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $211.36.
Read Our Latest Stock Analysis on TE Connectivity
TE Connectivity Company Profile
(
Free Report)
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.
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