VIRGINIA RETIREMENT SYSTEMS ET Al bought 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 Securities & Exchange Commission. The fund bought 76,900 shares of the electronics maker's stock, valued at approximately $12,971,000.
Other hedge funds also recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in shares of TE Connectivity during the second quarter valued at approximately $33,000. Costello Asset Management INC purchased a new position in shares of TE Connectivity during the first quarter valued at approximately $28,000. Millstone Evans Group LLC purchased a new position in shares of TE Connectivity during the first quarter valued at approximately $32,000. Ransom Advisory Ltd purchased a new position in shares of TE Connectivity during the first quarter valued at approximately $34,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of TE Connectivity during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 91.43% of the company's stock.
TE Connectivity Stock Performance
Shares of TEL opened at $223.33 on Monday. The firm has a market cap of $65.99 billion, a PE ratio of 46.24, a PEG ratio of 2.41 and a beta of 1.26. The stock's fifty day moving average price is $212.45 and its two-hundred day moving average price is $180.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $226.50.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its 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. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business's revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Announces Dividend
The company also recently announced 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 dividend yield of 1.3%. TE Connectivity's payout ratio is presently 58.80%.
Insider Transactions at TE Connectivity
In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the sale, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% 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. Corporate insiders own 0.90% of the company's stock.
Analyst Ratings Changes
TEL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of TE Connectivity in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a report on Monday, September 29th. KGI Securities upgraded TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Finally, UBS Group lifted their price target on TE Connectivity from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $219.92.
Read Our Latest Stock Analysis on TEL
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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