Ascent Group LLC Lowers Stake in TE Connectivity Ltd. $TEL

Ascent Group LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 21.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,027 shares of the electronics maker’s stock after selling 550 shares during the period. Ascent Group LLC’s holdings in TE Connectivity were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TEL. Foresight Group Ltd Liability Partnership bought a new stake in TE Connectivity in the first quarter worth $31,983,000. Cambridge Investment Research Advisors Inc. raised its position in shares of TE Connectivity by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker’s stock worth $2,479,000 after purchasing an additional 192 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TE Connectivity by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,719,610 shares of the electronics maker’s stock worth $384,335,000 after purchasing an additional 193,580 shares during the last quarter. MBB Public Markets I LLC bought a new stake in TE Connectivity during the 1st quarter valued at about $310,000. Finally, Modern Wealth Management LLC bought a new stake in TE Connectivity during the 1st quarter valued at about $310,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $221.85 on Wednesday. The firm’s 50 day moving average price is $209.45 and its 200-day moving average price is $175.78. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $225.26. 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 stock has a market capitalization of $65.55 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s payout ratio is 58.80%.

Insider Buying and Selling

In other news, SVP Malavika Sagar sold 1,945 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares of the company’s stock, valued at $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock worth $25,040,158 over the last ninety days. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TEL shares. Bank of America increased their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. KGI Securities upgraded TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Evercore ISI boosted their price target on TE Connectivity from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group boosted their target price on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $219.42.

TE Connectivity 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.