ASR Vermogensbeheer N.V. Lowers Stock Holdings in TE Connectivity Ltd. $TEL

Key Points

• ASR Vermogensbeheer N.V. significantly reduced its stake in TE Connectivity Ltd. by 88% during the second quarter, now holding just 1,246 shares valued at approximately $210,000.
• The company reported a 13.9% increase in revenue year-over-year for the last quarter, with earnings per share surpassing estimates at $2.27.
• TE Connectivity announced a quarterly dividend of $0.71 per share, with a payout ratio of 58.80% and a dividend yield of 1.3%, highlighting continued shareholder returns.

ASR Vermogensbeheer N.V. lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 88.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,246 shares of the electronics maker's stock after selling 9,100 shares during the period. ASR Vermogensbeheer N.V.'s holdings in TE Connectivity were worth $210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TEL. Brighton Jones LLC purchased a new position in shares of TE Connectivity during the 4th quarter valued at $820,000. Merit Financial Group LLC grew its position in TE Connectivity by 175.2% during the first quarter. Merit Financial Group LLC now owns 4,562 shares of the electronics maker's stock worth $645,000 after buying an additional 2,904 shares in the last quarter. Vest Financial LLC increased its stake in TE Connectivity by 73.9% in the 1st quarter. Vest Financial LLC now owns 7,406 shares of the electronics maker's stock worth $1,047,000 after acquiring an additional 3,148 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of TE Connectivity by 13.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,936 shares of the electronics maker's stock valued at $415,000 after acquiring an additional 351 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of TE Connectivity during the 1st quarter valued at about $213,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Trading Down 0.1%

NYSE TEL opened at $221.00 on Monday. The stock has a market cap of $65.30 billion, a P/E ratio of 45.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $224.97. The stock has a 50 day simple moving average of $208.91 and a two-hundred day simple moving average of $174.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

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 (EPS) for the quarter, beating 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 firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. The business's 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. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TEL shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of TE Connectivity in a research note on Saturday, September 27th. The Goldman Sachs Group lifted their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Wall Street Zen cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. Truist Financial lifted their price target on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Finally, Wells Fargo & Company increased their price objective on TE Connectivity from $198.00 to $215.00 and gave the company an "equal weight" rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $211.36.

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 of the company's stock, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock worth $25,040,158 over the last ninety days. Corporate insiders own 0.90% of the company's stock.

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.

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