TE Connectivity Ltd. $TEL Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp reduced its holdings in TE Connectivity Ltd. by 14.2% in Q1, resulting in ownership of 11,045 shares valued at approximately $1.56 million.
• TE Connectivity recently reported a strong quarterly earnings performance with $2.27 EPS, exceeding the consensus estimate of $2.08 EPS, and revenues of $4.53 billion.
• The company announced a quarterly dividend of $0.71, reflecting an annualized yield of 1.4%, with a payout ratio of 58.80%.

OMERS ADMINISTRATION Corp cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,045 shares of the electronics maker's stock after selling 1,826 shares during the period. OMERS ADMINISTRATION Corp's holdings in TE Connectivity were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in TE Connectivity during the first quarter valued at approximately $28,000. Millstone Evans Group LLC purchased a new stake in TE Connectivity during the first quarter valued at approximately $32,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in TE Connectivity during the first quarter valued at approximately $34,000. Dagco Inc. purchased a new stake in TE Connectivity during the first quarter valued at approximately $35,000. Finally, North Capital Inc. purchased a new stake in TE Connectivity during the first quarter valued at approximately $46,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 1.3%

NYSE TEL traded up $2.58 during midday trading on Thursday, hitting $208.56. 1,504,304 shares of the company traded hands, compared to its average volume of 1,833,223. 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 company has a market cap of $61.62 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. The company's 50-day simple moving average is $192.97 and its 200-day simple moving average is $164.74. 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 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 business 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%.The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TEL. Wells Fargo & Company upped their price objective on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Bank of America increased their price target on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. KGI Securities raised TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. Finally, Truist Financial increased their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction 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 sale, the executive vice president owned 24,625 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the firm'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 sale, the senior vice president directly owned 4,716 shares of the company's stock, valued at $977,155.20. The trade was a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock worth $27,267,158 over the last quarter. Insiders own 0.90% of the company's stock.

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.