Commerzbank Aktiengesellschaft FI increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 136.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,565 shares of the electronics maker's stock after purchasing an additional 2,058 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in TE Connectivity were worth $566,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foresight Group Ltd Liability Partnership acquired a new stake in TE Connectivity in the first quarter worth about $31,983,000. Cambridge Investment Research Advisors Inc. boosted its holdings in TE Connectivity by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock worth $2,479,000 after buying an additional 192 shares during the last quarter. Ascent Group LLC bought a new position in TE Connectivity during the first quarter worth about $364,000. Modern Wealth Management LLC bought a new position in TE Connectivity during the first quarter worth about $310,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in TE Connectivity by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,719,610 shares of the electronics maker's stock worth $384,335,000 after buying an additional 193,580 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at TE Connectivity
In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Malavika Sagar sold 1,945 shares of the business'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 sale, the senior vice president owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 24th. Citigroup raised their target price on TE Connectivity from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. raised their target price on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Finally, Wells Fargo & Company raised their target price on TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a report on Thursday, September 25th. Two investment 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. According to data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $219.92.
Check Out Our Latest Stock Report on TEL
TE Connectivity Trading Down 3.6%
NYSE:TEL opened at $214.55 on Friday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The stock has a market capitalization of $63.40 billion, a PE ratio of 44.42, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The business's 50-day simple moving average is $210.41 and its 200-day simple moving average is $177.07.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 20.22% and a net margin of 8.78%.TE Connectivity's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Dividend Announcement
The company also recently announced 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 payout ratio is presently 58.80%.
TE Connectivity Profile
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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
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).
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