MetLife Investment Management LLC reduced its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,123 shares of the electronics maker's stock after selling 1,799 shares during the quarter. MetLife Investment Management LLC's holdings in TE Connectivity were worth $10,192,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in TE Connectivity by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock worth $2,479,000 after buying an additional 192 shares during the last quarter. Beverly Hills Private Wealth LLC raised its stake in shares of TE Connectivity by 61.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock worth $1,587,000 after purchasing an additional 4,214 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of TE Connectivity by 11.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock worth $801,101,000 after purchasing an additional 592,072 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of TE Connectivity by 2.1% in the first quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock worth $3,516,000 after purchasing an additional 511 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth approximately $820,000. 91.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Citigroup raised their target price on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Bank of America raised their target price on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, UBS Group raised their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and an average target price of $197.55.
Check Out Our Latest Analysis on TEL
TE Connectivity Stock Performance
Shares of TEL traded down $1.72 during trading hours on Friday, hitting $206.33. The company's stock had a trading volume of 1,331,430 shares, compared to its average volume of 1,684,154. The company has a market cap of $60.97 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 2.45 and a beta of 1.23. 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 business has a 50 day simple moving average of $190.65 and a two-hundred day simple moving average of $163.73. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $212.76.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share 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 business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business earned $1.91 EPS. TE Connectivity'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. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. TE Connectivity's payout ratio is 58.80%.
Insider Buying and Selling
In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value 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. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,795 shares of company stock valued at $26,401,597 in the last ninety days. 0.90% of the stock is owned by company insiders.
TE Connectivity Profile
(
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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