TE Connectivity Ltd. $TEL Shares Sold by Smartleaf Asset Management LLC

Key Points

• Smartleaf Asset Management LLC has cut its stake in TE Connectivity Ltd. by 50.2%, holding 1,697 shares worth approximately $241,000 after selling 1,711 shares in the first quarter.
• Various investors, including Costello Asset Management INC and Millstone Evans Group LLC, have established new positions in TE Connectivity, indicating strong institutional interest with 91.43% of the stock owned by institutional investors.
• TE Connectivity raised its quarterly dividend to $0.71 per share, reflecting a 1.4% dividend yield, alongside strong earnings results that exceeded analysts' expectations.

Smartleaf Asset Management LLC decreased its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 50.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,697 shares of the electronics maker's stock after selling 1,711 shares during the period. Smartleaf Asset Management LLC's holdings in TE Connectivity were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bahl & Gaynor Inc. purchased a new stake in TE Connectivity in the first quarter worth $237,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of TE Connectivity by 11.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,733 shares of the electronics maker's stock valued at $1,375,000 after buying an additional 1,036 shares during the period. Allstate Corp increased its stake in shares of TE Connectivity by 20.5% during the first quarter. Allstate Corp now owns 10,337 shares of the electronics maker's stock valued at $1,461,000 after buying an additional 1,761 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of TE Connectivity during the first quarter valued at $34,000. Finally, Compound Planning Inc. purchased a new position in shares of TE Connectivity during the first quarter valued at $245,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 0.8%

TEL traded down $1.72 on Monday, hitting $206.33. The company had a trading volume of 1,331,430 shares, compared to its average volume of 1,604,158. The stock has a fifty day moving average price of $190.65 and a 200-day moving average price of $163.80. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $212.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The stock has a market capitalization of $60.96 billion, a price-to-earnings ratio of 42.72, a P/E/G ratio of 2.45 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted 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. 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The firm'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. 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, September 12th. Shareholders of record on Friday, August 22nd will be issued a $0.71 dividend. 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 currently 58.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TEL shares. KGI Securities upgraded TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Evercore ISI raised their price target on 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 lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company raised their price target on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $197.55.

Insiders Place Their Bets

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction dated 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 approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,795 shares of company stock valued at $22,425,847. 0.90% of the stock is currently owned by corporate insiders.

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.