Raymond James Financial Inc. decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 66.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 381,107 shares of the electronics maker's stock after selling 746,404 shares during the quarter. Raymond James Financial Inc. owned approximately 0.13% of TE Connectivity worth $53,858,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in TEL. Costello Asset Management INC bought a new stake in TE Connectivity during the first quarter worth $28,000. Millstone Evans Group LLC bought a new stake in TE Connectivity during the first quarter worth $32,000. Dagco Inc. bought a new stake in TE Connectivity during the first quarter worth $35,000. North Capital Inc. bought a new stake in TE Connectivity during the first quarter worth $46,000. Finally, Global X Japan Co. Ltd. bought a new stake in TE Connectivity during the first quarter worth $47,000. Institutional investors and hedge funds own 91.43% of the company's stock.
TE Connectivity Stock Performance
NYSE:TEL traded up $0.0780 during mid-day trading on Monday, reaching $205.0780. 1,315,692 shares of the company's stock were exchanged, compared to its average volume of 1,840,581. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The firm has a market capitalization of $60.60 billion, a PE ratio of 42.46, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. The business's fifty day simple moving average is $186.36 and its two-hundred day simple moving average is $161.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS 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 business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm earned $1.91 earnings per share. TE Connectivity'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. Analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis 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 currently 58.80%.
Insider Buying and Selling at TE Connectivity
In related news, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the transaction, the insider directly owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. This trade represents a 69.09% 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, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,795 shares of company stock valued at $26,401,597 in the last three months. 0.90% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have issued reports on TEL. 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 research report on Tuesday, August 12th. Citigroup upped their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. KGI Securities raised shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.55.
Check Out Our Latest Stock Analysis on TE Connectivity
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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