29,783 Shares in TE Connectivity Ltd. $TEL Bought by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC has purchased 29,783 shares of TE Connectivity Ltd. for approximately $5,023,000, indicating institutional interest in the stock.
• Insider Aaron Kyle Stucki has sold 52,900 shares of TE Connectivity, leading to a 69.09% decrease in his ownership, while another insider, Shadrak W. Kroeger, sold 23,850 shares.
• A quarterly dividend of $0.71 per share has been announced, with a payment date set for December 12th and a yield of 1.3% based on the current price.

Boston Common Asset Management LLC acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,783 shares of the electronics maker's stock, valued at approximately $5,023,000.

A number of other institutional investors have also made changes to their positions in TEL. Costello Asset Management INC acquired a new stake in shares of TE Connectivity during the first quarter worth $28,000. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the first quarter worth $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TE Connectivity during the first quarter worth $34,000. Ransom Advisory Ltd acquired a new stake in shares of TE Connectivity during the first quarter worth $34,000. Finally, Dagco Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth $35,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the sale, the insider 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the company's stock in a transaction dated 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 sale, the insider owned 25,976 shares in the company, valued at $5,272,868.24. The trade was a 47.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,545 shares of company stock worth $25,040,158. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TEL. Weiss Ratings reissued a "hold (c+)" rating on shares of TE Connectivity in a research note on Saturday, September 27th. Citigroup boosted their target price on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Wall Street Zen cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. Finally, Evercore ISI boosted their target price on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.36.

TE Connectivity Stock Down 0.1%

TEL stock opened at $221.00 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The stock has a market capitalization of $65.30 billion, a P/E ratio of 45.75, a P/E/G ratio of 2.39 and a beta of 1.26. The business has a 50-day moving average of $208.91 and a 200-day moving average of $174.72. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $224.97.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.TE Connectivity's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.71 per share. 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%.

TE Connectivity Company Profile

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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