Avior Wealth Management LLC increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7,452.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,362 shares of the electronics maker's stock after acquiring an additional 5,291 shares during the period. Avior Wealth Management LLC's holdings in TE Connectivity were worth $904,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of TE Connectivity during the 1st quarter valued at about $28,000. Millstone Evans Group LLC acquired a new position in TE Connectivity in the first quarter valued at about $32,000. Ransom Advisory Ltd acquired a new position in TE Connectivity in the first quarter valued at about $34,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity in the first quarter valued at about $34,000. Finally, Dagco Inc. acquired a new position in TE Connectivity in the first quarter valued at about $35,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,545 shares of company stock worth $25,040,158 over the last three months. Company insiders own 0.90% of the company's stock.
TE Connectivity Trading Up 0.3%
TEL opened at $217.76 on Tuesday. 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 company has a market cap of $64.34 billion, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 2.58 and a beta of 1.23. The firm has a 50 day simple moving average of $207.16 and a 200 day simple moving average of $172.86. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $221.00.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. TE Connectivity's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 year.
TE Connectivity Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.71 dividend. 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 Ratings Changes
A number of equities analysts have commented on the stock. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. UBS Group upped their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. 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 research report on Thursday, July 10th. Finally, Evercore ISI upped their target price on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $211.36.
View Our Latest Report on TEL
About TE Connectivity
(
Free Report)
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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