Aware Super Pty Ltd as trustee of Aware Super bought a new position in TE Connectivity Ltd. (NYSE:TEL – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 153,631 shares of the electronics maker’s stock, valued at approximately $25,913,000. Aware Super Pty Ltd as trustee of Aware Super owned about 0.05% of TE Connectivity at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in TEL. Costello Asset Management INC bought a new stake in shares of TE Connectivity in the first quarter worth about $28,000. Millstone Evans Group LLC bought a new stake in TE Connectivity during the first quarter worth approximately $32,000. Richardson Financial Services Inc. bought a new stake in TE Connectivity during the second quarter worth approximately $33,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in TE Connectivity during the first quarter worth approximately $34,000. Finally, Ransom Advisory Ltd bought a new stake in TE Connectivity during the first quarter worth approximately $34,000. 91.43% of the stock is owned by institutional investors.
Analyst Ratings Changes
TEL has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Robert W. Baird boosted their price objective on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. KGI Securities raised TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Bank of America boosted their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Two equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $219.92.
Insider Transactions at TE Connectivity
In related news, insider Aaron Kyle Stucki sold 52,900 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares of the company’s stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,545 shares of company stock worth $25,040,158 over the last three months. Company insiders own 0.90% of the company’s stock.
TE Connectivity Stock Up 0.8%
Shares of NYSE:TEL opened at $222.47 on Thursday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $226.40. The business has a 50 day simple moving average of $211.55 and a two-hundred day simple moving average of $178.61. The firm has a market capitalization of $65.74 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. 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 (NYSE:TEL – Get Free Report) last announced its quarterly 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. The firm had revenue of $4.53 billion during 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%.TE Connectivity’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s payout ratio is presently 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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