2,195 Shares in TE Connectivity Ltd. $TEL Acquired by Modern Wealth Management LLC

Key Points

• Modern Wealth Management LLC has acquired 2,195 shares of TE Connectivity Ltd. ($TEL), valued at approximately $310,000, as part of its recent SEC filing.
• TE Connectivity reported a quarterly earnings per share (EPS) of $2.27, exceeding the consensus estimate by $0.19, with revenue increasing 13.9% year-over-year.
• The company has announced a quarterly dividend of $0.71 per share, with a yield of 1.3%, set to be paid on December 12th to shareholders of record on November 21st.

Modern Wealth Management LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,195 shares of the electronics maker's stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in TE Connectivity in the 1st quarter worth approximately $28,000. Millstone Evans Group LLC bought a new position in TE Connectivity in the 1st quarter worth approximately $32,000. Ransom Advisory Ltd bought a new position in TE Connectivity in the 1st quarter worth approximately $34,000. Kelly Lawrence W & Associates Inc. CA bought a new position in TE Connectivity in the 1st quarter worth approximately $34,000. Finally, Dagco Inc. bought a new position in TE Connectivity in the 1st quarter worth approximately $35,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $210.99 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 1 year low of $116.30 and a 1 year high of $215.22. The business has a fifty day simple moving average of $199.15 and a 200 day simple moving average of $168.02. The firm has a market cap of $62.34 billion, a price-to-earnings ratio of 43.68, a P/E/G ratio of 2.49 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, topping the consensus estimate 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 analyst estimates of $4.30 billion. During the same period last year, the company earned $1.91 earnings per share. TE Connectivity'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 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

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

Analyst Upgrades and Downgrades

TEL has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. KGI Securities raised TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. UBS Group increased their price target on TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price target on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup increased their price target on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.55.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the transaction, the executive vice president directly owned 24,625 shares of the company's stock, valued at $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the transaction, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,645 shares of company stock valued at $27,267,158. Corporate insiders own 0.90% of the company's stock.

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.

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