TE Connectivity Ltd. $TEL Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,921 shares of the electronics maker’s stock after selling 156 shares during the quarter. Greenleaf Trust’s holdings in TE Connectivity were worth $1,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. Martingale Asset Management L P boosted its holdings in TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock valued at $255,000 after purchasing an additional 63 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of TE Connectivity by 1.4% in the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock valued at $703,000 after buying an additional 68 shares in the last quarter. Hickory Point Bank & Trust boosted its holdings in shares of TE Connectivity by 2.6% in the 2nd quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker’s stock valued at $496,000 after buying an additional 75 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of TE Connectivity by 4.3% in the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker’s stock valued at $275,000 after buying an additional 80 shares in the last quarter. Finally, AllSquare Wealth Management LLC boosted its stake in TE Connectivity by 7.0% in the first quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker’s stock valued at $180,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $221.59 on Thursday. The firm’s fifty day moving average price is $208.32 and its 200 day moving average price is $173.51. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $222.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The firm has a market cap of $65.48 billion, a price-to-earnings ratio of 45.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last released 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 during the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders 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 presently 58.80%.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value 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 trade represents a 47.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the firm’s stock in a transaction on 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 sale, the senior vice president directly owned 4,716 shares of the company’s stock, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,545 shares of company stock valued at $25,040,158. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 31st. Robert W. Baird set a $232.00 target price on TE Connectivity in a research report on Wednesday, September 3rd. Evercore ISI increased their price objective on TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. increased their price objective on TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Citigroup increased their price target on shares of TE Connectivity from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.36.

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.