RMR Wealth Builders Buys New Holdings in TE Connectivity Ltd. $TEL

Key Points

• RMR Wealth Builders has acquired a new position in TE Connectivity Ltd. by purchasing 1,521 shares valued at approximately $257,000 in the second quarter.
• Analysts have increased their target prices for TE Connectivity, with Citigroup and Evercore ISI raising targets to $230.00 and $225.00 respectively, reflecting a positive outlook on the stock.
• The company recently announced a quarterly dividend of $0.71, which will be paid on December 12th, yielding an annualized rate of 1.3%.

RMR Wealth Builders purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,521 shares of the electronics maker's stock, valued at approximately $257,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after acquiring an additional 5,502,415 shares in the last quarter. Nuveen LLC purchased a new position in TE Connectivity during the first quarter valued at $174,700,000. Wellington Management Group LLP grew its stake in TE Connectivity by 17.2% during the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after acquiring an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. grew its stake in TE Connectivity by 17.1% during the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after acquiring an additional 960,276 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in TE Connectivity during the fourth quarter valued at $127,351,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TEL shares. Citigroup raised their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Evercore ISI raised their target price on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Wall Street Zen cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. UBS Group raised their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Bank of America lifted their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $199.55.

Insider Activity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. 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 23,850 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,645 shares of company stock valued at $27,267,158 in the last ninety days. 0.90% of the stock is currently owned by insiders.

TE Connectivity Trading Up 0.6%

Shares of TEL opened at $210.99 on Tuesday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $215.22. The company has a 50-day moving average of $199.15 and a 200 day moving average of $168.02. The firm has a market capitalization of $62.34 billion, a price-to-earnings ratio of 43.68, a PEG ratio of 2.49 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 (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business posted $1.91 EPS. The company's quarterly 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. On average, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) 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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