TE Connectivity Ltd. $TEL Shares Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its stake in TE Connectivity Ltd. by 117.4% in the first quarter, acquiring an additional 2,357 shares, bringing its total holdings to 4,364 shares valued at approximately $617,000.
• Insiders recently sold significant amounts of TE Connectivity stock, with one insider decreasing their ownership by 49.04% after selling 25,000 shares.
• Analysts maintain a generally positive outlook on TE Connectivity, with the consensus rating classified as "Moderate Buy" and a target price of $197.55.

Townsquare Capital LLC increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 117.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,364 shares of the electronics maker's stock after acquiring an additional 2,357 shares during the quarter. Townsquare Capital LLC's holdings in TE Connectivity were worth $617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TEL. Brighton Jones LLC purchased a new position in TE Connectivity during the 4th quarter worth $820,000. Federated Hermes Inc. grew its position in TE Connectivity by 863.4% during the 4th quarter. Federated Hermes Inc. now owns 1,185 shares of the electronics maker's stock worth $169,000 after purchasing an additional 1,062 shares during the last quarter. Mariner LLC grew its position in TE Connectivity by 1.4% during the 4th quarter. Mariner LLC now owns 33,099 shares of the electronics maker's stock worth $4,732,000 after purchasing an additional 454 shares during the last quarter. Jump Financial LLC purchased a new position in TE Connectivity during the 4th quarter worth $325,000. Finally, Farringdon Capital Ltd. purchased a new position in TE Connectivity during the 4th quarter worth $334,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Price Performance

TEL stock traded down $0.0840 during trading on Thursday, reaching $201.4660. 97,086 shares of the company were exchanged, compared to its average volume of 1,833,791. The company has a market cap of $59.53 billion, a P/E ratio of 41.71, a PEG ratio of 2.42 and a beta of 1.23. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $212.76. The stock's 50 day moving average price is $184.83 and its 200 day moving average price is $160.78. 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 (NYSE:TEL - Get Free Report) last released 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 firm had revenue of $4.53 billion for 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 firm's revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity's payout ratio is currently 58.80%.

Analyst Ratings Changes

Several brokerages have issued reports on TEL. Robert W. Baird raised their price objective on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Truist Financial raised their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Vertical Research raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research report on Friday, April 25th. Citigroup raised their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, KGI Securities raised shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $197.55.

Insider Activity 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 sale, the executive vice president 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business'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 sale, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,795 shares of company stock worth $26,401,597 in the last ninety days. Corporate insiders own 0.90% of the company's stock.

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.