Institute for Wealth Management LLC. bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,409 shares of the electronics maker's stock, valued at approximately $238,000.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after purchasing an additional 5,502,415 shares during the period. Dodge & Cox raised its holdings in TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after purchasing an additional 56,871 shares during the period. Wellington Management Group LLP raised its holdings 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 during the period. Ameriprise Financial Inc. raised its holdings in TE Connectivity by 17.1% during the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after acquiring an additional 960,276 shares during the period. Finally, EdgePoint Investment Group Inc. raised its holdings in TE Connectivity by 5.8% during the first quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock valued at $580,609,000 after acquiring an additional 224,422 shares during the period. 91.43% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on TEL shares. Wall Street Zen cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Citigroup raised their price target on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Robert W. Baird set a $232.00 price target on TE Connectivity in a report on Wednesday, September 3rd. Evercore ISI raised their price target on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Finally, Bank of America raised their price target on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.36.
Get Our Latest Stock Report on TEL
Insider Buying and Selling
In related news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the transaction, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,545 shares of company stock worth $25,040,158. Insiders own 0.90% of the company's stock.
TE Connectivity Trading Down 0.3%
Shares of TE Connectivity stock opened at $221.11 on Friday. The firm has a market cap of $65.33 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 2.40 and a beta of 1.26. The business has a 50-day moving average price of $208.64 and a 200-day moving average price of $174.03. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $223.75.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.
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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