Goldman Sachs Group Inc. lessened its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,640,166 shares of the electronics maker's stock after selling 117,582 shares during the period. Goldman Sachs Group Inc. owned about 0.55% of TE Connectivity worth $231,788,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Costello Asset Management INC acquired a new position in TE Connectivity during the first quarter worth approximately $28,000. Millstone Evans Group LLC acquired a new position in TE Connectivity during the first quarter worth approximately $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity during the first quarter worth approximately $34,000. Dagco Inc. acquired a new position in TE Connectivity during the first quarter worth approximately $35,000. Finally, North Capital Inc. acquired a new position in TE Connectivity during the first quarter worth approximately $46,000. Institutional investors and hedge funds own 91.43% of the company's stock.
TE Connectivity Stock Down 1.3%
NYSE TEL traded down $2.69 during trading hours on Friday, reaching $209.71. 1,576,714 shares of the company traded hands, compared to its average volume of 1,478,832. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $215.22. 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 capitalization of $61.96 billion, a PE ratio of 43.42, a PEG ratio of 2.52 and a beta of 1.23. The company has a 50 day moving average of $198.35 and a two-hundred day moving average of $167.41.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm posted $1.91 EPS. The firm'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. As a group, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.
Insider Buying and Selling at TE Connectivity
In other news, insider Shadrak W. Kroeger sold 23,850 shares of the firm'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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the firm'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 transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% 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. Corporate insiders own 0.90% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on TEL shares. Truist Financial upped their price target 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. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Bank of America increased their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. UBS Group increased their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, KGI Securities raised shares of TE Connectivity to 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 issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.55.
Get Our Latest Analysis on TE Connectivity
About TE Connectivity
(
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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