TE Connectivity Ltd. $TEL Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in TE Connectivity Ltd. by 54.4% in Q2, owning 1,605,782 shares valued at $269.7 million.
• TE Connectivity reported earnings of $2.27 per share for the last quarter, exceeding estimates and demonstrating a 13.9% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.71 per share, with a dividend yield of 1.3%, payable on December 12th.

Nordea Investment Management AB grew its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 54.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,605,782 shares of the electronics maker's stock after buying an additional 565,857 shares during the period. Nordea Investment Management AB owned 0.54% of TE Connectivity worth $269,723,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TEL. Brighton Jones LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at $820,000. GAMMA Investing LLC boosted its holdings in shares of TE Connectivity by 55.9% in the 1st quarter. GAMMA Investing LLC now owns 4,977 shares of the electronics maker's stock valued at $703,000 after buying an additional 1,784 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TE Connectivity by 7.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,705 shares of the electronics maker's stock valued at $5,470,000 after buying an additional 2,691 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in TE Connectivity by 4.0% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 5,039 shares of the electronics maker's stock worth $712,000 after purchasing an additional 192 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in TE Connectivity by 2.4% during the 1st quarter. State of Alaska Department of Revenue now owns 34,944 shares of the electronics maker's stock worth $4,938,000 after purchasing an additional 835 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Up 0.6%

Shares of TE Connectivity stock opened at $224.03 on Friday. The firm has a fifty day moving average of $212.03 and a two-hundred day moving average of $179.18. 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 company has a market cap of $66.20 billion, a P/E ratio of 46.38, a PEG ratio of 2.40 and a beta of 1.26. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $226.50.

TE Connectivity (NYSE:TEL - Get Free Report) last announced 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 business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business's revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued 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 is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. This trade represents a 65.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 25,976 shares of the company's stock, valued at $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. Over the last 90 days, insiders have sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

TEL has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Truist Financial increased their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Bank of America increased their price target 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. Finally, The Goldman Sachs Group increased their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Two 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $219.92.

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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