Syntegra Private Wealth Group LLC Purchases Shares of 1,276 TE Connectivity Ltd. $TEL

Key Points

• Syntegra Private Wealth Group LLC acquired 1,276 shares of TE Connectivity, worth approximately $215,000, marking a new investment in the company.
• Insider transactions have seen executives, including Shadrak W. Kroeger and John S. Jenkins, selling significant shares, with Insider sales totaling $25.04 million in the last quarter.
• TE Connectivity's stock has received mixed reviews from analysts, with price target increases from firms like Citigroup and Barclays, while Zacks downgraded its rating to a "hold."

Syntegra Private Wealth Group LLC purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,276 shares of the electronics maker's stock, valued at approximately $215,000.

A number of other large investors have also recently made changes to their positions in TEL. Princeton Global Asset Management LLC purchased a new position in TE Connectivity in the 2nd quarter worth $26,000. Costello Asset Management INC acquired a new position in shares of TE Connectivity in the first quarter valued at about $28,000. Salomon & Ludwin LLC raised its stake in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker's stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the first quarter worth about $32,000. Finally, Richardson Financial Services Inc. purchased a new stake in TE Connectivity in the second quarter valued at approximately $33,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the sale, the insider directly owned 25,976 shares of the company's stock, valued at $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TEL shares. Weiss Ratings reissued a "hold (c+)" rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Citigroup increased their price objective on shares of TE Connectivity from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Barclays began coverage on shares of TE Connectivity in a research report on Tuesday, October 7th. They set an "overweight" rating and a $249.00 target price for the company. Zacks Research downgraded TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Finally, Bank of America lifted their price objective on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $222.00.

TE Connectivity Stock Up 1.4%

TE Connectivity stock opened at $226.12 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The stock has a market capitalization of $66.81 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The business has a 50 day simple moving average of $212.98 and a 200-day simple moving average of $181.09. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $226.96.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. 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 fiscal year.

TE Connectivity Announces Dividend

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

About TE Connectivity

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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