Verdence Capital Advisors LLC Takes Position in TE Connectivity Ltd. $TEL

Key Points

• Verdence Capital Advisors LLC acquired a new stake in TE Connectivity Ltd. during the 2nd quarter, purchasing 1,267 shares valued at approximately $214,000.
• Analysts remain positive on TE Connectivity, with Goldman Sachs raising their price target from $228 to $263 and maintaining a "buy" rating, while the overall consensus rating is a "Moderate Buy" with a target price of $219.92.
• The company announced a quarterly dividend of $0.71 per share, indicating an annualized payout of $2.84 and a dividend yield of 1.3%, with the payment date set for December 12.

Verdence Capital Advisors LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,267 shares of the electronics maker's stock, valued at approximately $214,000.

Several other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. acquired a new position in shares of TE Connectivity in the second quarter worth $33,000. Costello Asset Management INC acquired a new position in shares of TE Connectivity during the first quarter worth $28,000. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity during the first quarter worth $32,000. Ransom Advisory Ltd acquired a new position in shares of TE Connectivity during the first quarter worth $34,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of TE Connectivity during the first quarter worth $34,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TEL shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of TE Connectivity in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Barclays initiated coverage on shares of TE Connectivity in a research report on Tuesday, October 7th. They issued an "overweight" rating and a $249.00 price target for the company. KGI Securities raised shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $219.92.

Insider Activity

In other news, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction dated 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 owned 24,625 shares in the company, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by insiders.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $224.03 on Friday. The company has a 50-day simple moving average of $212.03 and a 200-day simple moving average of $179.18. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $226.50. 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 stock has a market capitalization of $66.20 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.40 and a beta of 1.26.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS 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 in the prior year, the company earned $1.91 earnings per share. The business'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, analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's payout ratio is 58.80%.

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.

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