Boston Trust Walden Corp Decreases Stake in TE Connectivity Ltd. $TEL

Key Points

• Boston Trust Walden Corp has reduced its stake in TE Connectivity Ltd. by 5.0%, selling 17,552 shares and now owning approximately 0.11% of the company, valued at about $56.7 million.
• Insiders, including Shadrak W. Kroeger and John S. Jenkins, have sold significant amounts of their shares recently, with total insider sales amounting to over $25 million in the last ninety days.
• TE Connectivity's stock is trading at $219.44, reflecting strong performance with a recent quarterly earnings report beating analysts' estimates, coupled with an upcoming quarterly dividend of $0.71 per share.

Boston Trust Walden Corp cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,285 shares of the electronics maker's stock after selling 17,552 shares during the quarter. Boston Trust Walden Corp owned approximately 0.11% of TE Connectivity worth $56,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Martingale Asset Management L P grew its stake in TE Connectivity by 3.6% in the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock valued at $255,000 after buying an additional 63 shares in the last quarter. Nelson Capital Management LLC lifted its holdings in TE Connectivity by 0.4% during the 2nd quarter. Nelson Capital Management LLC now owns 15,464 shares of the electronics maker's stock worth $2,608,000 after purchasing an additional 63 shares in the last quarter. Ballentine Partners LLC boosted its stake in TE Connectivity by 1.4% in the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock worth $703,000 after purchasing an additional 68 shares during the period. Hickory Point Bank & Trust grew its holdings in TE Connectivity by 2.6% during the 2nd quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker's stock valued at $496,000 after buying an additional 75 shares in the last quarter. Finally, AllSquare Wealth Management LLC increased its position in shares of TE Connectivity by 7.0% during the first quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker's stock valued at $180,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the business'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 completion of the sale, the insider owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John S. Jenkins sold 45,850 shares of the firm'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 value 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. The trade was a 65.06% decrease in their ownership of the stock. 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. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $219.44 on Tuesday. The stock's 50-day moving average is $210.71 and its 200 day moving average is $178.01. The stock has a market cap of $64.84 billion, a price-to-earnings ratio of 45.43, a P/E/G ratio of 2.31 and a beta of 1.26. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $226.40. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business 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 anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Analyst Ratings Changes

Several brokerages recently commented on TEL. Citigroup boosted their price objective on shares of TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Evercore ISI boosted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. UBS Group increased their price objective on TE Connectivity from $240.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Truist Financial boosted their target price on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company upped their target price on TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $219.92.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.