Robeco Institutional Asset Management B.V. Sells 54,196 Shares of TE Connectivity Ltd. $TEL

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in TE Connectivity Ltd. by 38.8%, selling 54,196 shares, leaving it with a total of 85,562 shares valued at approximately $14.43 million.
• Insider executives sold significant amounts of stock recently, with EVP John S. Jenkins selling 45,850 shares and insider Shadrak W. Kroeger selling 23,850 shares, indicating notable insider selling activity.
• TE Connectivity plans to pay a quarterly dividend of $0.71 on December 12th, representing an annualized dividend yield of 1.3% based on a payout ratio of 58.80%.

Robeco Institutional Asset Management B.V. trimmed its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 38.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,562 shares of the electronics maker's stock after selling 54,196 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in TE Connectivity were worth $14,432,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of TE Connectivity by 17.0% during the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after buying an additional 5,502,415 shares during the last quarter. Dodge & Cox lifted its holdings in shares of TE Connectivity by 0.4% in the first quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after acquiring an additional 56,871 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after purchasing an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after purchasing an additional 960,276 shares during the last quarter. Finally, EdgePoint Investment Group Inc. increased its position in TE Connectivity by 5.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock worth $580,609,000 after purchasing an additional 224,422 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 24,625 shares in the company, 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 SEC, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business'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 transaction, the insider directly owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Stock Down 0.1%

Shares of TEL opened at $221.00 on Friday. The stock's 50-day moving average price is $208.91 and its two-hundred day moving average price is $174.72. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $224.97. The company has a market capitalization of $65.30 billion, a PE ratio of 45.75, a PEG ratio of 2.39 and a beta of 1.26. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.91 earnings per share. The firm'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. On average, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

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

Analyst Ratings Changes

TEL has been the topic of a number of research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of TE Connectivity in a research report on Saturday, September 27th. JPMorgan Chase & Co. increased their price target on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. Citigroup increased their target price on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Finally, Bank of America boosted 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $211.36.

TE Connectivity Company 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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