Keebeck Wealth Management Sells 11,642 Shares of TE Connectivity Ltd. $TEL

Keebeck Wealth Management trimmed its position in TE Connectivity Ltd. (NYSE:TELFree Report) by 57.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,659 shares of the electronics maker’s stock after selling 11,642 shares during the quarter. Keebeck Wealth Management’s holdings in TE Connectivity were worth $1,810,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in TE Connectivity in the fourth quarter worth about $25,000. Geneos Wealth Management Inc. increased its position in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 127 shares during the period. Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $40,000. MV Capital Management Inc. purchased a new stake in shares of TE Connectivity in the 4th quarter worth approximately $41,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of TE Connectivity by 54.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a report on Thursday, April 23rd. Citigroup dropped their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. UBS Group restated a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research note on Thursday. Finally, Truist Financial dropped their price objective on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.15.

Check Out Our Latest Report on TE Connectivity

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

NYSE TEL opened at $198.87 on Friday. The firm’s fifty day simple moving average is $205.41 and its two-hundred day simple moving average is $215.09. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The firm has a market capitalization of $58.05 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.40 and a beta of 1.17.

TE Connectivity (NYSE:TELGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts forecast that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Key Stories Impacting TE Connectivity

Here are the key news stories impacting TE Connectivity this week:

TE Connectivity Company Profile

(Free Report)

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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