Vontobel Holding Ltd. increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,784 shares of the electronics maker's stock after purchasing an additional 1,770 shares during the quarter. Vontobel Holding Ltd.'s holdings in TE Connectivity were worth $5,198,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in TE Connectivity by 14.2% during the 4th quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock valued at $4,629,225,000 after purchasing an additional 4,029,596 shares during the period. Wellington Management Group LLP purchased a new position in TE Connectivity in the 4th quarter worth approximately $909,598,000. Geode Capital Management LLC lifted its holdings in shares of TE Connectivity by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 6,015,210 shares of the electronics maker's stock worth $857,499,000 after buying an additional 33,340 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in TE Connectivity by 11.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock worth $801,101,000 after purchasing an additional 592,072 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of TE Connectivity by 72.1% during the 4th quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock valued at $581,148,000 after purchasing an additional 1,702,825 shares during the last quarter. 91.43% of the stock is owned by institutional investors.
TE Connectivity Stock Up 1.8%
Shares of NYSE TEL opened at $173.39 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.51 and a quick ratio of 1.08. The company has a market cap of $51.42 billion, a P/E ratio of 38.11, a PEG ratio of 2.23 and a beta of 1.23. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $173.58. The firm has a 50-day simple moving average of $159.92 and a two-hundred day simple moving average of $149.48.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Dividend Announcement
The company also recently disclosed 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. This represents a $2.84 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, August 22nd. TE Connectivity's payout ratio is currently 62.42%.
Insiders Place Their Bets
In other news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the sale, the insider owned 25,976 shares of the company's stock, valued at approximately $4,130,963.28. The trade was a 49.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Malavika Sagar sold 3,125 shares of TE Connectivity stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $500,000.00. Following the sale, the senior vice president directly owned 5,927 shares of the company's stock, valued at $948,320. This represents a 34.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,775 shares of company stock valued at $29,596,059 over the last quarter. Corporate insiders own 0.90% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Wall Street Zen cut TE Connectivity from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company lifted their price objective on TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday. HSBC raised TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird lifted their price objective on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.90.
Read 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.
Featured Articles
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
