Blair William & Co. IL Buys 1,928 Shares of TE Connectivity Ltd. $TEL

Key Points

• Blair William & Co. IL increased its stake in TE Connectivity Ltd. by 3.8%, acquiring 1,928 shares to bring its total holdings to 52,368 shares valued at approximately $8.83 million.
• TE Connectivity recently reported earnings of $2.27 per share, exceeding analyst expectations and reflecting a 13.9% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.71 per share, set to be paid on December 12th, which corresponds to an annualized yield of 1.3%.

Blair William & Co. IL boosted its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,368 shares of the electronics maker's stock after purchasing an additional 1,928 shares during the period. Blair William & Co. IL's holdings in TE Connectivity were worth $8,833,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TEL. Costello Asset Management INC bought a new stake in shares of TE Connectivity during the 1st quarter valued at $28,000. Millstone Evans Group LLC bought a new position in TE Connectivity in the 1st quarter worth $32,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in TE Connectivity in the 1st quarter worth $34,000. Ransom Advisory Ltd purchased a new stake in TE Connectivity in the 1st quarter worth $34,000. Finally, Dagco Inc. purchased a new stake in TE Connectivity in the 1st quarter worth $35,000. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

TEL has been the topic of several recent research reports. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Truist Financial raised their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Evercore ISI raised 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. The Goldman Sachs Group increased their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Finally, Robert W. Baird increased their price objective on shares of TE Connectivity from $222.00 to $238.00 and gave the company an "outperform" rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of "Moderate Buy" and an average target price of $219.92.

Insider Buying and Selling at TE Connectivity

In related news, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the transaction, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. Insiders own 0.90% of the company's stock.

TE Connectivity Trading Down 3.6%

NYSE:TEL opened at $214.55 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $210.41 and a 200-day simple moving average of $177.26. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $226.40. The company has a market capitalization of $63.40 billion, a P/E ratio of 44.42, a PEG ratio of 2.32 and a beta of 1.26.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the company posted $1.91 earnings per share. The firm'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, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

About TE Connectivity

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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