Campbell Newman Asset Management Inc. Has $23.29 Million Position in TE Connectivity Ltd. $TEL

Key Points

• Campbell Newman Asset Management Inc. reduced its stake in TE Connectivity by 45.2%, now holding approximately $23.29 million worth of shares, making it the firm's 22nd largest position.
• TE Connectivity reported earnings per share of $2.27 for the last quarter, exceeding analysts' expectations with a revenue of $4.53 billion, marking a 13.9% year-over-year increase.
• The company has declared a quarterly dividend of $0.71 per share, with an ex-dividend date of November 21st, representing an annualized yield of 1.3%.

Campbell Newman Asset Management Inc. lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 45.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,071 shares of the electronics maker's stock after selling 114,096 shares during the period. TE Connectivity makes up 1.9% of Campbell Newman Asset Management Inc.'s portfolio, making the stock its 22nd biggest position. Campbell Newman Asset Management Inc.'s holdings in TE Connectivity were worth $23,288,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Costello Asset Management INC bought a new position in TE Connectivity in the first quarter valued at approximately $28,000. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the first quarter worth $32,000. Ransom Advisory Ltd bought a new stake in TE Connectivity in the 1st quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity in the 1st quarter worth $34,000. Finally, Dagco Inc. bought a new position in TE Connectivity during the 1st quarter worth about $35,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Trading Up 0.3%

Shares of TE Connectivity stock opened at $217.76 on Tuesday. The stock has a market cap of $64.34 billion, a P/E ratio of 45.09, a P/E/G ratio of 2.58 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $221.00. The business's 50 day moving average is $207.16 and its 200-day moving average is $172.86.

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 for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.3%. TE Connectivity's dividend payout ratio is currently 58.80%.

Analysts Set New Price Targets

A number of analysts have recently commented on TEL shares. Evercore ISI boosted their price target on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Citigroup lifted their target price on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. UBS Group upped their price target on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research note on Wednesday, September 3rd. Finally, Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $211.36.

Insiders Place Their Bets

In other news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 25,976 shares in the company, valued at $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 124,545 shares of company stock valued at $25,040,158. Corporate insiders own 0.90% of the company's stock.

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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