Fiduciary Alliance LLC Sells 3,821 Shares of TE Connectivity Ltd. $TEL

Key Points

• Fiduciary Alliance LLC has cut its stake in TE Connectivity Ltd. by 43.4% during the second quarter, now holding 4,977 shares valued at approximately $839,000.
• Insider transactions indicate significant selling activity, with executives like Shadrak W. Kroeger and John S. Jenkins reducing their holdings by 47.87% and 65.06%, respectively, selling a total of 137,645 shares in recent months.
• Analysts have raised their price targets for TE Connectivity, with Bank of America adjusting their target from $168.00 to $190.00, indicating a generally positive outlook for the stock despite recent insider selling.

Fiduciary Alliance LLC lowered its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 43.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,977 shares of the electronics maker's stock after selling 3,821 shares during the quarter. Fiduciary Alliance LLC's holdings in TE Connectivity were worth $839,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in TE Connectivity in the 4th quarter valued at $820,000. Silvercrest Asset Management Group LLC grew its position in TE Connectivity by 2.1% in 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 during the period. State of Wyoming grew its position in TE Connectivity by 110.3% in the 4th quarter. State of Wyoming now owns 2,583 shares of the electronics maker's stock valued at $369,000 after purchasing an additional 1,355 shares during the period. Twinbeech Capital LP acquired a new stake in TE Connectivity in the 4th quarter valued at $2,261,000. Finally, Worldquant Millennium Advisors LLC purchased a new position in TE Connectivity during the 4th quarter worth $5,000,000. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group lifted their target price on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Bank of America upped their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. Finally, Truist Financial upped their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $199.55.

Insider Transactions at TE Connectivity

In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the sale, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the sale, the insider owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is owned by company insiders.

TE Connectivity Trading Down 0.5%

Shares of NYSE TEL traded down $1.19 during mid-day trading on Friday, hitting $216.12. The stock had a trading volume of 4,017,204 shares, compared to its average volume of 1,826,722. The business has a 50 day moving average price of $201.62 and a two-hundred day moving average price of $169.10. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $218.76. The firm has a market cap of $63.86 billion, a P/E ratio of 44.75, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $1.91 earnings per share. The company's revenue for the quarter was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's payout ratio is currently 58.80%.

TE Connectivity 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.