Price T Rowe Associates Inc. MD Decreases Stake in TE Connectivity Ltd. $TEL

Key Points

• Price T Rowe Associates Inc. MD reduced its ownership of TE Connectivity Ltd. by 14.5%, selling over 2.7 million shares, which left it with about 16 million shares valued at approximately $2.26 billion.
• TE Connectivity recently reported earnings exceeding expectations with an EPS of $2.27, and annual revenue growth of 13.9%, guiding for a Q4 2025 EPS of $2.27.
• The company announced a quarterly dividend of $0.71, resulting in an annualized yield of 1.4%, with a significant insider selling activity reported in the recent months.

Price T Rowe Associates Inc. MD cut its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 14.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,000,590 shares of the electronics maker's stock after selling 2,716,583 shares during the period. Price T Rowe Associates Inc. MD owned 5.40% of TE Connectivity worth $2,261,204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TEL. Vanguard Group Inc. lifted its holdings in TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after purchasing an additional 5,502,415 shares in the last quarter. Nuveen LLC purchased a new position in TE Connectivity during the first quarter valued at $174,700,000. Wellington Management Group LLP lifted its holdings in TE Connectivity by 17.2% during the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after purchasing an additional 1,097,035 shares in the last quarter. Woodline Partners LP purchased a new position in TE Connectivity during the fourth quarter valued at $127,351,000. Finally, GAMMA Investing LLC lifted its holdings in TE Connectivity by 21,927.9% during the first quarter. GAMMA Investing LLC now owns 703,350 shares of the electronics maker's stock valued at $99,397,000 after purchasing an additional 700,157 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Trading Up 2.3%

Shares of TEL traded up $4.5070 during trading on Friday, reaching $204.8070. 1,818,901 shares of the company traded hands, compared to its average volume of 1,781,943. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76. The stock has a market cap of $60.52 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. The stock has a 50-day simple moving average of $186.36 and a 200-day simple moving average of $161.68. 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 (NYSE:TEL - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $4.30 billion. During the same period last year, the business earned $1.91 earnings per share. The business's revenue for the quarter was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the completion of the transaction, the insider owned 25,976 shares of the company's stock, valued at approximately $4,130,963.28. This trade represents a 49.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $9,597,780.50. Following the completion of the transaction, the executive vice president directly owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on TEL. Wall Street Zen raised shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a report on Saturday. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Citigroup increased their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Bank of America increased their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company raised their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $197.55.

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.