PFG Investments LLC acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,622 shares of the electronics maker's stock, valued at approximately $274,000.
Other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in TE Connectivity in the 1st quarter valued at $28,000. Millstone Evans Group LLC bought a new position in TE Connectivity in the 1st quarter valued at $32,000. Ransom Advisory Ltd bought a new position in TE Connectivity in the 1st quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA bought a new position in TE Connectivity in the 1st quarter valued at $34,000. Finally, Dagco Inc. bought a new position in shares of TE Connectivity during the 1st quarter worth $35,000. Institutional investors own 91.43% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on TEL. Evercore ISI increased their price target on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. The Goldman Sachs Group increased their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. UBS Group increased their price target on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company increased their price target on TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.36.
Read Our Latest Report on TEL
TE Connectivity Stock Performance
NYSE:TEL opened at $221.00 on Monday. The business's 50-day moving average price is $208.91 and its two-hundred day moving average price is $174.92. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $224.97. The stock has a market cap of $65.30 billion, a P/E ratio of 45.75, a PEG ratio of 2.39 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 (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the firm posted $1.91 EPS. The company'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. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a $0.71 dividend. 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 dividend payout ratio (DPR) is presently 58.80%.
Insiders Place Their Bets
In related news, insider Shadrak W. Kroeger sold 23,850 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,545 shares of company stock worth $25,040,158. 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.
See Also
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).
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