Generali Asset Management SPA SGR Has $4.49 Million Holdings in TE Connectivity Ltd. $TEL

Key Points

• Generali Asset Management SPA SGR reduced its holdings in TE Connectivity Ltd. by 29.1% during the 2nd quarter, now owning $4.49 million worth of the company's shares.
• Recent insider trading shows significant sales, with insider Aaron Kyle Stucki selling 52,900 shares worth over $10 million, which has led to a notable decrease in their ownership.
• TE Connectivity's stock has received several analyst upgrades, with price targets raised by firms such as UBS and Citigroup, indicating continued confidence in the company.

Generali Asset Management SPA SGR decreased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 29.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,639 shares of the electronics maker's stock after selling 10,926 shares during the quarter. Generali Asset Management SPA SGR's holdings in TE Connectivity were worth $4,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TEL. Costello Asset Management INC bought a new position in shares of TE Connectivity during the first quarter worth about $28,000. Millstone Evans Group LLC bought a new position in TE Connectivity during the first quarter worth about $32,000. Richardson Financial Services Inc. bought a new position in TE Connectivity during the second quarter worth about $33,000. Kelly Lawrence W & Associates Inc. CA bought a new position in TE Connectivity during the first quarter worth about $34,000. Finally, Ransom Advisory Ltd bought a new stake in shares of TE Connectivity during the first quarter worth approximately $34,000. 91.43% of the stock is currently owned by institutional investors.

Insider Activity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the sale, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the transaction, the executive vice president directly owned 24,625 shares of the company's stock, valued at $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. In the last 90 days, insiders have sold 124,545 shares of company stock worth $25,040,158. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TEL. UBS Group boosted their price objective on TE Connectivity from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Barclays initiated coverage on TE Connectivity in a report on Tuesday, October 7th. They set an "overweight" rating and a $249.00 price objective for the company. Citigroup lifted their price target on shares of TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Truist Financial lifted their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Finally, Evercore ISI lifted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, TE Connectivity has a consensus rating of "Moderate Buy" and an average price target of $219.92.

TE Connectivity Stock Up 0.8%

Shares of NYSE:TEL opened at $222.47 on Thursday. The company has a fifty day moving average of $211.55 and a 200-day moving average of $178.61. The company has a market capitalization of $65.74 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. 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 Ltd. has a 52-week low of $116.30 and a 52-week high of $226.40.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.71 dividend. 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 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.

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