OLD National Bancorp IN Boosts Stock Position in TE Connectivity Ltd. $TEL

OLD National Bancorp IN lifted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 48.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,512 shares of the electronics maker's stock after purchasing an additional 1,152 shares during the quarter. OLD National Bancorp IN's holdings in TE Connectivity were worth $592,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TEL. Brighton Jones LLC bought a new position in TE Connectivity during the fourth quarter valued at $820,000. Merit Financial Group LLC increased its position in TE Connectivity by 175.2% during the first quarter. Merit Financial Group LLC now owns 4,562 shares of the electronics maker's stock valued at $645,000 after acquiring an additional 2,904 shares during the last quarter. Gateway Investment Advisers LLC increased its position in TE Connectivity by 13.6% during the first quarter. Gateway Investment Advisers LLC now owns 2,936 shares of the electronics maker's stock valued at $415,000 after acquiring an additional 351 shares during the last quarter. Sivia Capital Partners LLC bought a new position in TE Connectivity during the first quarter valued at $213,000. Finally, Wedmont Private Capital increased its position in TE Connectivity by 4.3% during the first 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.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Weiss Ratings restated a "hold (c+)" rating on shares of TE Connectivity in a report on Saturday, September 27th. Wall Street Zen cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Truist Financial upped their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Finally, Evercore ISI upped their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $219.42.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares of the company's stock, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president directly owned 4,716 shares of the company's stock, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock valued at $25,040,158 in the last ninety days. 0.90% of the stock is owned by insiders.

TE Connectivity Stock Down 0.5%

NYSE:TEL opened at $221.85 on Wednesday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $225.26. The company has a 50-day moving average of $209.45 and a 200 day moving average of $175.78. The firm has a market cap of $65.55 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. 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 (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, topping 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 company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The firm's revenue for the quarter 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. As a group, research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity's dividend payout ratio is 58.80%.

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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