Moran Wealth Management LLC reduced its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,621 shares of the electronics maker's stock after selling 2,905 shares during the quarter. Moran Wealth Management LLC's holdings in TE Connectivity were worth $8,032,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Foresight Group Ltd Liability Partnership bought a new stake in TE Connectivity in the first quarter worth approximately $31,983,000. Cambridge Investment Research Advisors Inc. increased its holdings in TE Connectivity by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock worth $2,479,000 after purchasing an additional 192 shares in the last quarter. Ascent Group LLC bought a new stake in TE Connectivity in the first quarter worth approximately $364,000. Modern Wealth Management LLC bought a new stake in TE Connectivity in the first quarter worth approximately $310,000. Finally, KLP Kapitalforvaltning AS increased its holdings in TE Connectivity by 3.5% in the second quarter. KLP Kapitalforvaltning AS now owns 110,533 shares of the electronics maker's stock worth $18,686,000 after purchasing an additional 3,700 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.
TE Connectivity Stock Up 0.6%
Shares of NYSE:TEL opened at $220.74 on Wednesday. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 2.37 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $226.40. The business's 50 day moving average is $211.10 and its 200 day moving average is $178.31.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.TE Connectivity's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity's payout ratio is presently 58.80%.
Insider Buying and Selling
In related news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction that occurred on 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 transaction, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president directly owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock worth $25,040,158 in the last ninety days. Corporate insiders own 0.90% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. KGI Securities upgraded TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Barclays started 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. Bank of America boosted their price objective on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Finally, Wells Fargo & Company boosted their price objective on TE Connectivity from $198.00 to $215.00 and gave the company an "equal weight" rating in a report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TE Connectivity has an average rating of "Moderate Buy" and a consensus target price of $219.92.
Get Our Latest Stock Analysis on TEL
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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