Vantage Wealth lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 24.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,145 shares of the electronics maker's stock after buying an additional 23,735 shares during the period. TE Connectivity comprises approximately 4.6% of Vantage Wealth's investment portfolio, making the stock its 8th biggest position. Vantage Wealth's holdings in TE Connectivity were worth $20,265,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. CX Institutional increased its holdings in shares of TE Connectivity by 6.4% during the second quarter. CX Institutional now owns 3,478 shares of the electronics maker's stock worth $587,000 after buying an additional 208 shares in the last quarter. Baker Tilly Wealth Management LLC increased its holdings in shares of TE Connectivity by 32.1% during the second quarter. Baker Tilly Wealth Management LLC now owns 3,261 shares of the electronics maker's stock worth $550,000 after buying an additional 793 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of TE Connectivity by 81.2% in the second quarter. Fulton Bank N.A. now owns 2,694 shares of the electronics maker's stock worth $454,000 after purchasing an additional 1,207 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of TE Connectivity by 11.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,270 shares of the electronics maker's stock worth $7,542,000 after purchasing an additional 4,565 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft grew its stake in shares of TE Connectivity by 70.5% in the second quarter. Baader Bank Aktiengesellschaft now owns 2,522 shares of the electronics maker's stock worth $425,000 after purchasing an additional 1,043 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
TE Connectivity Stock Up 0.2%
NYSE TEL traded up $0.40 during trading hours on Tuesday, hitting $218.99. The company's stock had a trading volume of 534,888 shares, compared to its average volume of 1,814,962. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $221.00. The company has a market capitalization of $64.71 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company's 50-day simple moving average is $203.25 and its two-hundred day simple moving average is $170.33.
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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the firm earned $1.91 EPS. The firm'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. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Dividend Announcement
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 paid a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity's dividend payout ratio (DPR) is 58.80%.
Insider Activity
In other TE Connectivity 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 sale, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the executive vice president owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,645 shares of company stock worth $27,267,158. Corporate insiders own 0.90% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on TEL shares. UBS Group boosted their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wall Street Zen cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. KGI Securities raised shares of TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. 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 note on Thursday, July 24th. Finally, Evercore ISI upped their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $199.55.
Check Out Our Latest Analysis on TE Connectivity
About TE Connectivity
(
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.
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