Bridges Investment Management Inc. Lowers Holdings in TE Connectivity Ltd. $TEL

Key Points

• Bridges Investment Management Inc. reduced its holdings in TE Connectivity Ltd. by 11.1%, now owning 11,910 shares valued at approximately $2,009,000.
• Several hedge funds have either bought new positions or increased their stakes in TE Connectivity, with institutional investors owning 91.43% of the company's stock.
• TE Connectivity has a consensus rating of Moderate Buy from analysts, with a price target that has recently increased to as high as $263.00.

Bridges Investment Management Inc. trimmed its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 11.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,910 shares of the electronics maker's stock after selling 1,480 shares during the period. Bridges Investment Management Inc.'s holdings in TE Connectivity were worth $2,009,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TEL. Twin Tree Management LP purchased a new position in shares of TE Connectivity during the second quarter worth $938,000. Harbour Investments Inc. boosted its position in shares of TE Connectivity by 18.7% during the second quarter. Harbour Investments Inc. now owns 844 shares of the electronics maker's stock worth $142,000 after buying an additional 133 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of TE Connectivity during the second quarter worth $277,000. Sagespring Wealth Partners LLC boosted its position in shares of TE Connectivity by 12.3% during the second quarter. Sagespring Wealth Partners LLC now owns 2,931 shares of the electronics maker's stock worth $494,000 after buying an additional 320 shares during the period. Finally, Verdence Capital Advisors LLC purchased a new position in shares of TE Connectivity during the second quarter worth $214,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TEL has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Weiss Ratings restated a "hold (c+)" rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Robert W. Baird increased their price objective on TE Connectivity from $222.00 to $238.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Finally, Citigroup increased their price objective on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $219.92.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 25,976 shares in the company, 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 at this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the sale, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock valued at $25,040,158 in the last three months. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Up 0.6%

Shares of NYSE TEL opened at $224.03 on Friday. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $226.50. 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 stock has a market cap of $66.20 billion, a P/E ratio of 46.38, a PEG ratio of 2.40 and a beta of 1.26. The business's fifty day simple moving average is $212.03 and its 200-day simple moving average is $179.18.

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, 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 company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period last year, the firm earned $1.91 earnings per share. TE Connectivity's quarterly revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared 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. 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 dividend payout ratio (DPR) is currently 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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