Northwest & Ethical Investments L.P. cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,194 shares of the electronics maker's stock after selling 2,070 shares during the period. Northwest & Ethical Investments L.P. owned about 0.06% of TE Connectivity worth $24,900,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of TEL. Costello Asset Management INC acquired a new position in TE Connectivity during the 1st quarter worth $28,000. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity in the 1st quarter valued at $32,000. Dagco Inc. acquired a new position in shares of TE Connectivity in the 1st quarter valued at $35,000. North Capital Inc. acquired a new position in shares of TE Connectivity in the 1st quarter valued at $46,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of TE Connectivity in the 1st quarter valued at $47,000. 91.43% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on TEL shares. Citigroup increased their price target on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. UBS Group raised their price objective on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research note on Friday, April 25th. Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Bank of America raised their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.55.
Check Out Our Latest Analysis on TE Connectivity
TE Connectivity Stock Down 0.8%
TEL stock traded down $1.5330 during trading hours on Thursday, reaching $200.0170. 1,672,055 shares of the stock were exchanged, compared to its average volume of 1,843,198. The firm's 50-day moving average is $184.83 and its 200-day moving average is $160.78. The company has a market cap of $59.10 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 2.42 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. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $212.76.
TE Connectivity (NYSE:TEL - Get Free Report) last released its 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. The firm had revenue of $4.53 billion during 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%.The company's revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued 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 dividend payout ratio (DPR) is presently 58.80%.
Insider Buying and Selling
In other news, EVP John S. Jenkins sold 45,850 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the completion of the transaction, the insider owned 25,976 shares of the company's stock, valued at $4,130,963.28. The trade was a 49.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,795 shares of company stock worth $26,401,597 over the last 90 days. 0.90% of the stock is currently owned by insiders.
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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