TE Connectivity Ltd. $TEL Shares Sold by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC reduced its stake in TE Connectivity Ltd. by 18.9% during the first quarter, selling 30,517 shares to hold 130,525 shares valued at approximately $18.4 million.
• Insider transactions included significant sales from executives, with EVP John S. Jenkins and Aaron Kyle Stucki selling 45,850 and 52,900 shares respectively, highlighting a substantial decrease in their positions.
• TE Connectivity reported a better-than-expected quarterly earnings with $2.27 EPS, outperforming estimates of $2.08, and announced a dividend of $0.71 per share to be paid in December.

Advisors Capital Management LLC lowered its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 18.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,525 shares of the electronics maker's stock after selling 30,517 shares during the quarter. Advisors Capital Management LLC's holdings in TE Connectivity were worth $18,446,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after buying an additional 5,502,415 shares in the last quarter. Dodge & Cox lifted its holdings in TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after buying an additional 56,871 shares in the last quarter. Wellington Management Group LLP lifted its holdings in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock worth $1,054,133,000 after buying an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock worth $927,571,000 after buying an additional 960,276 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its holdings in TE Connectivity by 5.8% in the 1st quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock worth $580,609,000 after buying an additional 224,422 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 137,645 shares of company stock worth $27,267,158 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $212.80 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $215.22. The firm has a 50-day simple moving average of $197.64 and a 200 day simple moving average of $167.01. The company has a market cap of $62.88 billion, a PE ratio of 44.06, a P/E/G ratio of 2.50 and a beta of 1.23.

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 for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company's revenue for the quarter 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. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on TEL. Citigroup boosted their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Evercore ISI upped their target price on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Wells Fargo & Company upped their target price on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. UBS Group upped their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.

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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