TE Connectivity Ltd. $TEL Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG reduced its stake in TE Connectivity Ltd. by 41.6%, selling 4,115 shares and holding 5,782 shares valued at approximately $975,000.
• TE Connectivity recently reported quarterly earnings of $2.27 EPS, exceeding analysts' expectations, with revenue of $4.53 billion, up 13.9% year-over-year.
• The company announced a quarterly dividend of $0.71 per share, which will be paid on December 12th to shareholders on record by November 21st.

J. Safra Sarasin Holding AG lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 41.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,782 shares of the electronics maker's stock after selling 4,115 shares during the quarter. J. Safra Sarasin Holding AG's holdings in TE Connectivity were worth $975,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Foresight Group Ltd Liability Partnership purchased a new stake in shares of TE Connectivity during the 1st quarter worth approximately $31,983,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of TE Connectivity by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock worth $2,479,000 after buying an additional 192 shares during the last quarter. Ascent Group LLC purchased a new stake in shares of TE Connectivity during the 1st quarter worth approximately $364,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TE Connectivity by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,719,610 shares of the electronics maker's stock worth $384,335,000 after buying an additional 193,580 shares during the last quarter. Finally, Modern Wealth Management LLC purchased a new stake in shares of TE Connectivity during the 1st quarter worth approximately $310,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 0.1%

Shares of TE Connectivity stock opened at $221.00 on Friday. The company has a market cap of $65.30 billion, a P/E ratio of 45.75, a PEG ratio of 2.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $224.97. The firm has a fifty day moving average of $208.91 and a two-hundred day moving average of $174.72.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The company 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%. TE Connectivity's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date 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 is presently 58.80%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TEL shares. JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research report on Wednesday, September 3rd. Wells Fargo & Company upped their price target on shares of TE Connectivity from $198.00 to $215.00 and gave the company an "equal weight" rating in a research report on Thursday, September 25th. Finally, UBS Group upped their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $211.36.

Insider Activity

In other news, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the transaction, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $9,597,780.50. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 124,545 shares of company stock worth $25,040,158 in the last 90 days. Corporate insiders own 0.90% of the company's stock.

TE Connectivity 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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