Flputnam Investment Management Co. grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,935 shares of the electronics maker's stock after buying an additional 2,650 shares during the quarter. Flputnam Investment Management Co.'s holdings in TE Connectivity were worth $5,220,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Costello Asset Management INC bought a new stake in TE Connectivity during the first quarter valued at $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity in the 1st quarter worth approximately $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity in the 1st quarter worth approximately $34,000. Dagco Inc. bought a new stake in shares of TE Connectivity in the 1st quarter worth approximately $35,000. Finally, North Capital Inc. bought a new stake in shares of TE Connectivity in the 1st quarter worth approximately $46,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on TEL. Robert W. Baird set a $232.00 price objective on shares of TE Connectivity in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Bank of America raised their target price on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Citigroup boosted their price target on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, KGI Securities raised TE Connectivity to a "hold" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.
Check Out Our Latest Stock Analysis on TEL
Insiders Place Their Bets
In other news, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,645 shares of company stock worth $27,267,158. Insiders own 0.90% of the company's stock.
TE Connectivity Price Performance
Shares of NYSE TEL traded up $2.58 during mid-day trading on Thursday, reaching $208.56. The company had a trading volume of 1,504,304 shares, compared to its average volume of 1,833,223. 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 cap of $61.62 billion, a PE ratio of 43.18, a P/E/G ratio of 2.45 and a beta of 1.23. The company has a 50-day moving average price of $192.97 and a two-hundred day moving average price of $164.74. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $212.76.
TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results 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 business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm posted $1.91 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. 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 earnings per share for the current year.
TE Connectivity Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.
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.
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