TE Connectivity Ltd. $TEL Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 14.5% in the first quarter, Holdings Channel reports. The institutional investor owned 16,000,590 shares of the electronics maker’s stock after selling 2,716,583 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.05% of TE Connectivity worth $2,261,204,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC acquired a new position in TE Connectivity in the first quarter valued at approximately $28,000. Millstone Evans Group LLC purchased a new stake in shares of TE Connectivity during the 1st quarter worth approximately $32,000. Dagco Inc. purchased a new stake in shares of TE Connectivity during the 1st quarter worth approximately $35,000. North Capital Inc. acquired a new position in shares of TE Connectivity in the 1st quarter valued at $46,000. Finally, Global X Japan Co. Ltd. purchased a new position in shares of TE Connectivity in the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Down 1.0%

TEL opened at $201.4470 on Thursday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $212.76. 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 quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The company has a market cap of $59.52 billion, a PE ratio of 41.71, a P/E/G ratio of 2.42 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company’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. As a group, research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS 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 given a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio is presently 58.80%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TEL. JPMorgan Chase & Co. boosted their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Evercore ISI lifted their target price on TE Connectivity from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Wells Fargo & Company upped their target price on TE Connectivity from $170.00 to $198.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Citigroup raised their price target on TE Connectivity from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Robert W. Baird increased their price objective on TE Connectivity from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.55.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the sale, the insider owned 25,976 shares of the company’s stock, valued at $4,130,963.28. The trade was a 49.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the 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 directly owned 24,625 shares of the company’s stock, valued at $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,795 shares of company stock worth $26,401,597 over the last quarter. Insiders own 0.90% of the company’s stock.

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.