Kestra Advisory Services LLC Lowers Holdings in TE Connectivity Ltd. $TEL

Key Points

• Kestra Advisory Services LLC significantly reduced its stake in TE Connectivity Ltd. by 48.7%, now owning 9,683 shares valued at approximately $1.37 million.
• TE Connectivity reported a 13.9% increase in revenue year-over-year, with earnings per share of $2.27 surpassing analyst expectations.
• The company has declared a quarterly dividend of $0.71 per share, reflecting an annual yield of 1.4%.

Kestra Advisory Services LLC cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 48.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,683 shares of the electronics maker's stock after selling 9,187 shares during the quarter. Kestra Advisory Services LLC's holdings in TE Connectivity were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in shares of TE Connectivity during the first quarter worth $28,000. Millstone Evans Group LLC purchased a new position in TE Connectivity during the 1st quarter valued at about $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity in the 1st quarter valued at about $34,000. Dagco Inc. purchased a new stake in TE Connectivity during the first quarter worth about $35,000. Finally, North Capital Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth about $46,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Trading Down 0.8%

TEL opened at $206.33 on Monday. 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 one year low of $116.30 and a one year high of $212.76. The company has a market cap of $60.96 billion, a P/E ratio of 42.72, a PEG ratio of 2.45 and a beta of 1.23. The business's 50-day simple moving average is $190.65 and its 200-day simple moving average is $163.80.

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, beating analysts' consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS 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 paid 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%.

Insider Buying and Selling

In other news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's 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 directly owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,795 shares of company stock worth $22,425,847 in the last ninety days. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TEL has been the subject of several research reports. UBS Group boosted their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Evercore ISI upped their price target on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. KGI Securities upgraded TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday. 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 company's stock. According to data from MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and an average target price of $197.55.

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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