Gamco Investors INC. ET AL lowered its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,863 shares of the electronics maker's stock after selling 1,787 shares during the period. Gamco Investors INC. ET AL's holdings in TE Connectivity were worth $2,383,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new position in TE Connectivity in the first quarter worth about $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $34,000. Dagco Inc. bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $35,000. Finally, North Capital Inc. bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 91.43% of the company's stock.
TE Connectivity Stock Performance
Shares of TE Connectivity stock traded up $0.36 on Wednesday, reaching $204.92. 213,992 shares of the stock were exchanged, compared to its average volume of 1,827,198. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76. The firm has a market capitalization of $60.55 billion, a price-to-earnings ratio of 42.43, a PEG ratio of 2.45 and a beta of 1.23. The business has a 50 day moving average price of $192.22 and a two-hundred day moving average price of $164.46.
TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 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 firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company's 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. Analysts anticipate 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. Investors of record on Friday, August 22nd will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Truist Financial boosted their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Citigroup boosted their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their price objective on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Evercore ISI lifted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, UBS Group increased their price objective on TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a report on Monday, July 14th. One 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 stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and an average price target of $197.55.
View Our Latest Report on TEL
Insider Activity at TE Connectivity
In related news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 4,716 shares in the company, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction that occurred on 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 transaction, the executive vice president owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,795 shares of company stock worth $22,425,847. 0.90% of the stock is owned by corporate insiders.
TE Connectivity Company 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.
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