USS Investment Management Ltd reduced its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,737 shares of the electronics maker's stock after selling 12,155 shares during the period. USS Investment Management Ltd's holdings in TE Connectivity were worth $11,414,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in TEL. Costello Asset Management INC bought a new stake in shares of TE Connectivity during the first quarter worth about $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity during the first quarter worth about $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity during the first quarter worth about $34,000. Dagco Inc. bought a new stake in shares of TE Connectivity during the first quarter worth about $35,000. Finally, North Capital Inc. bought a new stake in shares of TE Connectivity during the first quarter worth about $46,000. 91.43% of the stock is currently owned by institutional investors.
TE Connectivity Price Performance
Shares of TEL opened at $208.59 on Monday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $212.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The business's 50 day moving average price is $194.59 and its two-hundred day moving average price is $165.63. The firm has a market cap of $61.64 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23.
TE Connectivity (NYSE:TEL - Get Free Report) last issued 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. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. The company's revenue 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, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders 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 yield of 1.4%. TE Connectivity's payout ratio is 58.80%.
Insiders Place Their Bets
In other news, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the transaction, the executive vice president directly owned 24,625 shares of the company's stock, valued at $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock valued at $27,267,158 in the last ninety days. 0.90% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
TEL has been the topic of several research reports. Wells Fargo & Company boosted their price target on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Evercore ISI lifted their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Robert W. Baird set a $232.00 price objective on TE Connectivity in a research note on Wednesday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. Finally, KGI Securities raised TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.55.
Check Out Our Latest Stock Report on TE Connectivity
TE Connectivity Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider TE Connectivity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TE Connectivity wasn't on the list.
While TE Connectivity currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
