Valley National Advisers Inc. increased its position in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 78,608.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,445 shares of the electronics maker’s stock after buying an additional 9,433 shares during the quarter. Valley National Advisers Inc.’s holdings in TE Connectivity were worth $2,072,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. Princeton Global Asset Management LLC acquired a new position in shares of TE Connectivity in the second quarter worth about $26,000. Neo Ivy Capital Management purchased a new position in shares of TE Connectivity in the 2nd quarter valued at about $30,000. Salomon & Ludwin LLC raised its holdings in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares during the period. Caldwell Trust Co purchased a new position in TE Connectivity during the second quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. purchased a new position in TE Connectivity during the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Insiders Place Their Bets
In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the sale, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.
TE Connectivity Price Performance
TE Connectivity (NYSE:TEL – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The company had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the company earned $1.95 EPS. TE Connectivity’s revenue was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Evercore ISI boosted their price objective on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Citigroup upped their price objective on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group increased their price objective on shares of TE Connectivity from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Truist Financial upped their price target on shares of TE Connectivity from $239.00 to $240.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $244.85.
View Our Latest Analysis on TEL
TE Connectivity Profile
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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