Credit Agricole S A Grows Holdings in TE Connectivity Ltd. $TEL

Key Points

• Credit Agricole S A increased its stake in TE Connectivity Ltd. by 7.3%, owning 77,235 shares valued at approximately $10.92 million
• Several analysts have upgraded TE Connectivity’s shares, with a consensus rating of "Moderate Buy" and a target price of $197.55.
• TE Connectivity reported $2.27 earnings per share for its latest quarter, exceeding analysts' estimates and marking a 13.9% increase in revenue year-over-year.

Credit Agricole S A increased its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,235 shares of the electronics maker's stock after buying an additional 5,242 shares during the period. Credit Agricole S A's holdings in TE Connectivity were worth $10,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Berkshire Asset Management LLC PA boosted its position in shares of TE Connectivity by 1.0% in the 1st quarter. Berkshire Asset Management LLC PA now owns 255,133 shares of the electronics maker's stock worth $38,811,000 after buying an additional 2,426 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock worth $1,054,133,000 after buying an additional 1,097,035 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of TE Connectivity by 51.6% in the 1st quarter. Aptus Capital Advisors LLC now owns 4,411 shares of the electronics maker's stock worth $623,000 after buying an additional 1,501 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of TE Connectivity in the 1st quarter worth about $64,000. Finally, Freestone Capital Holdings LLC boosted its position in shares of TE Connectivity by 3.8% in the 1st quarter. Freestone Capital Holdings LLC now owns 23,839 shares of the electronics maker's stock worth $3,369,000 after buying an additional 869 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America boosted their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Wall Street Zen raised shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Evercore ISI boosted their target price on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. KGI Securities raised shares of TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Finally, Citigroup boosted their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $197.55.

Insider Buying and Selling

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the company'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 completion of the transaction, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,795 shares of company stock worth $26,401,597 in the last 90 days. 0.90% of the stock is owned by insiders.

TE Connectivity Trading Up 0.1%

Shares of NYSE TEL traded up $0.3070 on Monday, reaching $205.3070. 697,245 shares of the company traded hands, compared to its average volume of 1,836,296. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. The company has a 50 day moving average of $186.36 and a 200 day moving average of $161.78. 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 capitalization of $60.66 billion, a PE ratio of 42.46, a P/E/G ratio of 2.44 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion during 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 company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio is currently 58.80%.

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.