TE Connectivity Ltd. $TEL Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in TE Connectivity Ltd. by 103.2% in Q1, now holding 40,698 shares valued at approximately $5.75 million.
• TE Connectivity's stock has received positive analyst ratings, with target price increases from several firms, including Robert W. Baird raising its target from $185 to $210.
• The company reported a quarterly EPS of $2.27, exceeding analyst expectations and showing a 13.9% year-over-year revenue growth.

Vestmark Advisory Solutions Inc. raised its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 103.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,698 shares of the electronics maker's stock after buying an additional 20,669 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in TE Connectivity were worth $5,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TEL. Sit Investment Associates Inc. increased its stake in TE Connectivity by 3.1% during the first quarter. Sit Investment Associates Inc. now owns 98,149 shares of the electronics maker's stock worth $13,870,000 after purchasing an additional 2,977 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of TE Connectivity by 10.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,471 shares of the electronics maker's stock valued at $1,197,000 after purchasing an additional 812 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in TE Connectivity by 109.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 494 shares of the electronics maker's stock worth $70,000 after buying an additional 258 shares during the period. National Pension Service lifted its holdings in TE Connectivity by 5.2% during the 1st quarter. National Pension Service now owns 816,581 shares of the electronics maker's stock worth $115,399,000 after buying an additional 40,062 shares in the last quarter. Finally, Dagco Inc. purchased a new position in TE Connectivity in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TEL. Evercore ISI upped their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.55.

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the firm'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 of the company's stock, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares of the company's stock, 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. Over the last three months, insiders have sold 138,795 shares of company stock worth $26,401,597. Insiders own 0.90% of the company's stock.

TE Connectivity Stock Down 1.0%

TEL stock traded down $1.9430 during trading on Wednesday, hitting $201.4470. 2,272,976 shares of the company's stock were exchanged, compared to its average volume of 1,988,361. The business has a 50-day moving average price of $184.83 and a two-hundred day moving average price of $160.78. 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 stock has a market capitalization of $59.52 billion, a price-to-earnings 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.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a $0.71 dividend. 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 58.80%.

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.