APG Asset Management N.V. Sells 22,625 Shares of TE Connectivity Ltd. $TEL

Key Points

• APG Asset Management N.V. decreased its stake in TE Connectivity Ltd. by 7.4%, selling 22,625 shares during the first quarter, leaving them with 282,249 shares valued at approximately $36.93 million.
• Insider activity shows significant selling, with notable sales by insiders Aaron Kyle Stucki and Shadrak W. Kroeger, resulting in a combined decrease of over 69% and 49% in their positions, respectively.
• TE Connectivity reported earnings of $2.27 per share for the last quarter, exceeding estimates, and declared a quarterly dividend of $0.71 per share, yielding 1.4% annually.

APG Asset Management N.V. lessened its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 282,249 shares of the electronics maker's stock after selling 22,625 shares during the quarter. APG Asset Management N.V. owned approximately 0.10% of TE Connectivity worth $36,926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of TE Connectivity by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after purchasing an additional 192 shares during the period. Beverly Hills Private Wealth LLC boosted its stake in TE Connectivity by 61.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock worth $1,587,000 after purchasing an additional 4,214 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of TE Connectivity by 11.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock worth $801,101,000 after acquiring an additional 592,072 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of TE Connectivity by 2.1% in the first quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock valued at $3,516,000 after purchasing an additional 511 shares during the period. Finally, Brighton Jones LLC purchased a new position in TE Connectivity during the 4th quarter valued at about $820,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the completion of the transaction, the executive vice president directly owned 24,625 shares in the company, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's 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 transaction, the insider owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,795 shares of company stock valued at $26,401,597 in the last ninety days. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Up 0.2%

TE Connectivity stock traded up $0.32 during mid-day trading on Thursday, reaching $207.89. The stock had a trading volume of 1,496,427 shares, compared to its average volume of 1,838,439. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. 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's 50-day simple moving average is $188.90 and its 200-day simple moving average is $162.81. The firm has a market capitalization of $61.43 billion, a PE ratio of 43.04, a price-to-earnings-growth ratio of 2.46 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results 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 company had revenue of $4.53 billion for 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 company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company 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 forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. TE Connectivity's payout ratio is 58.80%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TEL. Bank of America raised their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group restated a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price objective on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Robert W. Baird lifted their price objective on TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Evercore ISI lifted their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, TE Connectivity has a consensus rating of "Moderate Buy" and an average target price of $197.55.

TE Connectivity 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.