BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 26.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 192,601 shares of the electronics maker's stock after selling 69,359 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of TE Connectivity worth $27,218,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Martingale Asset Management L P raised its position in TE Connectivity by 3.6% during the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock valued at $255,000 after purchasing an additional 63 shares in the last quarter. Ballentine Partners LLC raised its position in TE Connectivity by 1.4% during the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock valued at $703,000 after purchasing an additional 68 shares in the last quarter. Vista Investment Management raised its position in TE Connectivity by 0.5% during the 4th quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock valued at $1,891,000 after purchasing an additional 70 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in TE Connectivity by 2.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock valued at $534,000 after purchasing an additional 75 shares in the last quarter. Finally, Wedmont Private Capital raised its position in TE Connectivity by 4.3% during the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock valued at $275,000 after purchasing an additional 80 shares in the last quarter. 91.43% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on TEL shares. UBS Group lifted their price target on TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a report on Monday, July 14th. Truist Financial upped their target price on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Citigroup upped their target price on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company upped their target price on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $197.55.
Read Our Latest Stock Analysis on TEL
Insiders Place Their Bets
In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,795 shares of company stock worth $26,401,597. Company insiders own 0.90% of the company's stock.
TE Connectivity Stock Performance
Shares of TEL traded up $0.32 during mid-day trading on Thursday, reaching $207.89. The company had a trading volume of 1,494,365 shares, compared to its average volume of 1,834,600. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $212.76. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $61.43 billion, a P/E ratio of 43.04, a PEG ratio of 2.46 and a beta of 1.23. The stock has a 50 day moving average of $188.90 and a two-hundred day moving average of $162.81.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping 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 firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. The company'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, analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity's dividend payout ratio is currently 58.80%.
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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