TE Connectivity Ltd. $TEL Shares Bought by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in TE Connectivity by 3.8% during the second quarter, holding 95,886 shares valued at $16.17 million.
• TE Connectivity reported a 13.9% increase in year-over-year revenue and earnings per share of $2.27, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.71 per share, with a yield of 1.3%, to be paid on December 12th.

US Bancorp DE grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,886 shares of the electronics maker's stock after acquiring an additional 3,547 shares during the quarter. US Bancorp DE's holdings in TE Connectivity were worth $16,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of TE Connectivity during the 4th quarter valued at approximately $820,000. Farther Finance Advisors LLC increased its stake in TE Connectivity by 27.0% during the first quarter. Farther Finance Advisors LLC now owns 2,042 shares of the electronics maker's stock valued at $287,000 after purchasing an additional 434 shares during the last quarter. GAMMA Investing LLC increased its stake in TE Connectivity by 55.9% during the first quarter. GAMMA Investing LLC now owns 4,977 shares of the electronics maker's stock valued at $703,000 after purchasing an additional 1,784 shares during the last quarter. SG Americas Securities LLC increased its stake in TE Connectivity by 399.9% during the first quarter. SG Americas Securities LLC now owns 27,224 shares of the electronics maker's stock valued at $3,847,000 after purchasing an additional 21,778 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in TE Connectivity by 2.1% during the first quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock valued at $3,516,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Down 3.6%

Shares of TE Connectivity stock opened at $214.55 on Friday. The firm has a market cap of $63.40 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 2.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $226.40. The stock has a 50-day simple moving average of $210.41 and a 200-day simple moving average of $177.26.

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 the consensus estimate of $2.08 by $0.19. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm's revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company 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 dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's payout ratio is currently 58.80%.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the firm's 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 transaction, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John S. Jenkins sold 45,850 shares of the firm's stock in a transaction that occurred on 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 directly owned 24,625 shares in the company, 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. Insiders sold a total of 124,545 shares of company stock valued at $25,040,158 over the last 90 days. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TEL shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of TE Connectivity in a research note on Wednesday. Truist Financial raised their target price on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. KGI Securities upgraded TE Connectivity to a "hold" 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 report on Sunday, August 31st. Finally, Wells Fargo & Company lifted their target price on TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently 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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