Cascade Investment Group Inc. acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,275 shares of the electronics maker's stock, valued at approximately $215,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 3Chopt Investment Partners LLC increased its position in shares of TE Connectivity by 5.3% during the second quarter. 3Chopt Investment Partners LLC now owns 1,856 shares of the electronics maker's stock worth $313,000 after buying an additional 94 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of TE Connectivity by 136.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,565 shares of the electronics maker's stock valued at $566,000 after buying an additional 2,058 shares in the last quarter. Callan Family Office LLC lifted its stake in shares of TE Connectivity by 225.1% in the second quarter. Callan Family Office LLC now owns 32,476 shares of the electronics maker's stock valued at $5,478,000 after buying an additional 22,485 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of TE Connectivity by 3.8% in the second quarter. Blair William & Co. IL now owns 52,368 shares of the electronics maker's stock valued at $8,833,000 after purchasing an additional 1,928 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of TE Connectivity by 3.8% in the second quarter. US Bancorp DE now owns 95,886 shares of the electronics maker's stock valued at $16,173,000 after purchasing an additional 3,547 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at TE Connectivity
In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the transaction, the insider owned 25,976 shares in the company, valued at $5,272,868.24. This trade represents a 47.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,545 shares of company stock worth $25,040,158. Company insiders own 0.90% of the company's stock.
TE Connectivity Stock Performance
Shares of NYSE TEL opened at $222.34 on Friday. The firm's 50-day moving average price is $210.15 and its 200-day moving average price is $176.62. 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 company has a market cap of $65.70 billion, a PE ratio of 46.03, a PEG ratio of 2.43 and a beta of 1.26. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $226.40.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share 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 for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the prior year, the business earned $1.91 EPS. The business'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, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS 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 $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's payout ratio is currently 58.80%.
Wall Street Analysts Forecast Growth
TEL has been the subject of a number of research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of TE Connectivity in a report on Wednesday. Zacks Research lowered shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Bank of America boosted their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. The Goldman Sachs Group boosted their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Finally, UBS Group boosted their price objective on shares of TE Connectivity from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Monday. Two investment 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $219.42.
Read Our Latest Stock Report on TEL
TE Connectivity Company Profile
(
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.
Further Reading
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.
Before you consider TE Connectivity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TE Connectivity wasn't on the list.
While TE Connectivity currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
