TE Connectivity Ltd. $TEL Shares Purchased by Fulton Bank N.A.

Key Points

• Fulton Bank N.A. significantly increased its stake in TE Connectivity Ltd. by 81.2%, purchasing an additional 1,207 shares and bringing its total holdings to 2,694 shares valued at approximately $454,000.
• Other institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, also increased their investments in TE Connectivity during the first quarter, reflecting strong institutional interest.
• TE Connectivity recently reported robust earnings with $2.27 EPS for the quarter, exceeding analyst estimates, and also announced a quarterly dividend of $0.71 payable in December.

Fulton Bank N.A. raised its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 81.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,694 shares of the electronics maker's stock after buying an additional 1,207 shares during the period. Fulton Bank N.A.'s holdings in TE Connectivity were worth $454,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $820,000. Waverly Advisors LLC acquired a new position in TE Connectivity during the fourth quarter worth $215,000. Vise Technologies Inc. boosted its holdings in TE Connectivity by 104.8% during the fourth quarter. Vise Technologies Inc. now owns 4,205 shares of the electronics maker's stock worth $601,000 after purchasing an additional 2,152 shares during the last quarter. Pacific Point Advisors LLC acquired a new position in TE Connectivity during the fourth quarter worth $210,000. Finally, Integrated Advisors Network LLC boosted its holdings in TE Connectivity by 2.4% during the fourth quarter. Integrated Advisors Network LLC now owns 4,368 shares of the electronics maker's stock worth $624,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TEL shares. UBS Group increased their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research report on Wednesday, September 3rd. Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Citigroup boosted their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Evercore ISI boosted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.

TE Connectivity Price Performance

NYSE TEL traded down $0.05 during mid-day trading on Tuesday, hitting $218.54. The stock had a trading volume of 417,397 shares, compared to its average volume of 1,814,331. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $221.00. The stock has a market capitalization of $64.57 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 2.57 and a beta of 1.23. The firm's 50 day moving average is $203.25 and its 200 day moving average is $170.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.91 EPS. 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. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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. Over the last quarter, insiders have sold 137,645 shares of company stock worth $27,267,158. 0.90% of the stock is owned by corporate insiders.

About TE Connectivity

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.