Haverford Trust Co Sells 1,840 Shares of TE Connectivity Ltd. $TEL

Key Points

• Haverford Trust Co reduced its stake in TE Connectivity by 0.9%, owning 205,894 shares valued at approximately $29 million after selling 1,840 shares in the first quarter.
• TE Connectivity reported strong quarterly earnings, with an EPS of $2.27, surpassing analyst estimates of $2.08, and revenue increasing by 13.9% year-over-year.
• The company announced a quarterly dividend of $0.71 per share, reflecting an annualized dividend yield of 1.4% and a payout ratio of 58.80%.

Haverford Trust Co decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 205,894 shares of the electronics maker's stock after selling 1,840 shares during the quarter. Haverford Trust Co owned about 0.07% of TE Connectivity worth $29,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Martingale Asset Management L P boosted its stake in TE Connectivity by 3.6% during the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock valued at $255,000 after buying an additional 63 shares during the last quarter. Ballentine Partners LLC boosted its stake in TE Connectivity by 1.4% during the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock valued at $703,000 after buying an additional 68 shares during the last quarter. Vista Investment Management boosted its position in shares of TE Connectivity by 0.5% during the 4th quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock valued at $1,891,000 after acquiring an additional 70 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of TE Connectivity by 2.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock valued at $534,000 after acquiring an additional 75 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in shares of TE Connectivity by 4.3% during the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock valued at $275,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Up 2.3%

Shares of NYSE TEL opened at $204.8070 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The company has a market cap of $60.52 billion, a P/E ratio of 42.40, a PEG ratio of 2.38 and a beta of 1.23. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $212.76. The firm has a 50-day simple moving average of $186.36 and a two-hundred day simple moving average of $161.57.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.91 EPS. TE Connectivity'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. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup increased their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Robert W. Baird increased their price target on shares of TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. Bank of America raised their price objective on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Finally, KGI Securities raised TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.55.

Insider Activity at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction dated 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 completion of the sale, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. This trade represents a 65.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the sale, the insider owned 23,667 shares of the company's stock, valued at $4,562,524.26. The trade was a 69.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,795 shares of company stock worth $26,401,597. Corporate insiders own 0.90% of the company's stock.

TE Connectivity 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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