TE Connectivity Ltd. $TEL Holdings Trimmed by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its stake in TE Connectivity Ltd. by 35.8%, selling 457,493 shares, and now owns 819,826 shares worth approximately $115.9 million.
• Analysts have increased their price targets for TE Connectivity, with Citigroup setting it at $230 and JPMorgan raising it to $204, highlighting a consensus rating of "Moderate Buy."
• TE Connectivity reported strong quarterly earnings, exceeding estimates with an EPS of $2.27 and revenue of $4.53 billion, signifying a 13.9% year-over-year increase.

Royal Bank of Canada lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 35.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 819,826 shares of the electronics maker's stock after selling 457,493 shares during the quarter. Royal Bank of Canada owned 0.28% of TE Connectivity worth $115,857,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Costello Asset Management INC bought a new position in TE Connectivity during the first quarter valued at about $28,000. Millstone Evans Group LLC bought a new position in TE Connectivity during the first quarter valued at about $32,000. Kelly Lawrence W & Associates Inc. CA bought a new position in TE Connectivity during the first quarter valued at about $34,000. Dagco Inc. bought a new position in TE Connectivity during the first quarter valued at about $35,000. Finally, North Capital Inc. bought a new position in TE Connectivity during the first quarter valued at about $46,000. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Robert W. Baird set a $232.00 price target on TE Connectivity in a research report on Wednesday. KGI Securities upgraded TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Citigroup increased their price target on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Truist Financial increased their price target on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $199.55.

TE Connectivity Stock Up 0.5%

Shares of TE Connectivity stock opened at $205.57 on Thursday. The stock has a 50-day moving average price of $192.97 and a 200 day moving average price of $164.74. The company has a market cap of $60.74 billion, a P/E ratio of 42.56, a P/E/G ratio of 2.45 and a beta of 1.23. 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 Ltd. has a 1 year low of $116.30 and a 1 year high of $212.76.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be paid 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 is currently 58.80%.

Insiders Place Their Bets

In related news, SVP Malavika Sagar sold 1,945 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the firm's stock in a transaction dated 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 directly owned 24,625 shares of the company's stock, valued at $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock valued at $27,267,158 in the last 90 days. Insiders own 0.90% of the company's stock.

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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