Groupama Asset Managment Has $784,000 Stake in TE Connectivity Ltd. $TEL

Groupama Asset Managment trimmed its position in TE Connectivity Ltd. (NYSE:TEL) by 12.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,514 shares of the electronics maker’s stock after selling 762 shares during the quarter. Groupama Asset Managment’s holdings in TE Connectivity were worth $784,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TEL. Costello Asset Management INC acquired a new position in shares of TE Connectivity in the first quarter valued at $28,000. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity in the first quarter valued at $32,000. Dagco Inc. acquired a new position in shares of TE Connectivity in the first quarter valued at $35,000. North Capital Inc. acquired a new position in shares of TE Connectivity in the first quarter valued at $46,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of TE Connectivity in the first quarter valued at $47,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the subject of several recent analyst reports. UBS Group increased their price objective on TE Connectivity from $185.00 to $201.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. HSBC upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Thursday, April 24th. Bank of America increased 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. Wells Fargo & Company increased their price objective on TE Connectivity from $170.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Finally, Citigroup increased their price objective on TE Connectivity from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $197.55.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the transaction, the insider owned 25,976 shares in the company, valued at $4,130,963.28. This trade represents a 49.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,795 shares of company stock worth $26,401,597 in the last ninety days. 0.90% of the stock is currently owned by insiders.

TE Connectivity Price Performance

Shares of TEL stock opened at $201.4470 on Thursday. The stock’s fifty day moving average is $184.83 and its 200-day moving average is $160.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The stock has a market capitalization of $59.52 billion, a PE ratio of 41.71, a PEG ratio of 2.42 and a beta of 1.23. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $212.76.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 earnings per share. 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 fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity’s dividend 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.