16,536 Shares in TE Connectivity Ltd. $TEL Purchased by Tealwood Asset Management Inc.

Key Points

• Tealwood Asset Management Inc. has acquired 16,536 shares of TE Connectivity Ltd., valued at approximately $2.79 million, making it the institution's 16th largest holding.
• TE Connectivity reported a quarterly earnings per share (EPS) of $2.27, surpassing analysts' expectations of $2.08, while also announcing a quarterly dividend of $0.71 to be paid on December 12th.
• Insider transactions have recently seen significant share sales, with 124,545 shares sold by insiders in the past ninety days, indicating a 0.90% insider ownership following these transactions.

Tealwood Asset Management Inc. purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,536 shares of the electronics maker's stock, valued at approximately $2,789,000. TE Connectivity accounts for about 1.2% of Tealwood Asset Management Inc.'s investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in TEL. Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $820,000. Wealth Enhancement Advisory Services LLC raised its position in TE Connectivity by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 36,014 shares of the electronics maker's stock worth $5,149,000 after acquiring an additional 2,498 shares during the period. Versant Capital Management Inc increased its stake in shares of TE Connectivity by 381.1% during the first quarter. Versant Capital Management Inc now owns 1,020 shares of the electronics maker's stock worth $144,000 after purchasing an additional 808 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of TE Connectivity by 21,927.9% during the first quarter. GAMMA Investing LLC now owns 703,350 shares of the electronics maker's stock worth $99,397,000 after purchasing an additional 700,157 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of TE Connectivity by 6.1% during the first quarter. Parallel Advisors LLC now owns 4,941 shares of the electronics maker's stock worth $698,000 after purchasing an additional 284 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Trading Up 0.3%

Shares of TEL opened at $217.76 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $221.00. The firm has a 50-day moving average price of $207.16 and a 200 day moving average price of $172.86. The firm has a market capitalization of $64.34 billion, a P/E ratio of 45.09, a P/E/G ratio of 2.58 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. TE Connectivity's quarterly revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio is presently 58.80%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TEL shares. KGI Securities upgraded TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company boosted their price target on TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Finally, Bank of America upped their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $211.36.

Insiders Place Their Bets

In related news, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction that occurred on 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 directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.