Banque Pictet & Cie SA Has $4.28 Million Stake in TE Connectivity Ltd. $TEL

Key Points

• Banque Pictet & Cie SA reduced its stake in TE Connectivity Ltd. by 10.8%, holding 25,370 shares valued at approximately $4.28 million at the end of the second quarter.
• TE Connectivity reported a quarterly EPS of $2.27, exceeding analysts' expectations, with revenue rising 13.9% year-over-year to $4.53 billion.
• The company announced a quarterly dividend of $0.71 per share, with a dividend yield of 1.3%, payable on December 12th to investors of record on November 21st.

Banque Pictet & Cie SA trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 10.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,370 shares of the electronics maker's stock after selling 3,073 shares during the period. Banque Pictet & Cie SA's holdings in TE Connectivity were worth $4,279,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TEL. Brighton Jones LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $820,000. Siemens Fonds Invest GmbH acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $602,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of TE Connectivity by 7.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 36,014 shares of the electronics maker's stock valued at $5,149,000 after purchasing an additional 2,498 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of TE Connectivity by 7.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 42,387 shares of the electronics maker's stock valued at $5,990,000 after purchasing an additional 3,078 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of TE Connectivity by 381.1% in the 1st quarter. Versant Capital Management Inc now owns 1,020 shares of the electronics maker's stock valued at $144,000 after purchasing an additional 808 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research note on Wednesday, September 3rd. Evercore ISI raised their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. UBS Group raised their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a report on Monday, July 14th. Zacks Research lowered shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. One investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $202.91.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $217.16 on Friday. The company's 50-day moving average is $206.40 and its 200 day moving average is $171.94. 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 company has a market capitalization of $64.17 billion, a P/E ratio of 44.96, a price-to-earnings-growth ratio of 2.55 and a beta of 1.23. 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 announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the business posted $1.91 EPS. The firm'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. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio is currently 58.80%.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the firm'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 transaction, the insider owned 25,976 shares of the company's stock, valued at $5,272,868.24. This trade represents a 47.87% 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, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the sale, the senior vice president directly owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,545 shares of company stock worth $25,040,158 in the last ninety days. 0.90% of the stock is owned by company insiders.

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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