Yousif Capital Management LLC reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,867 shares of the electronics maker’s stock after selling 2,523 shares during the quarter. Yousif Capital Management LLC’s holdings in TE Connectivity were worth $8,972,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TEL. Brighton Jones LLC acquired a new position in TE Connectivity during the 4th quarter valued at about $820,000. T. Rowe Price Investment Management Inc. increased its stake in shares of TE Connectivity by 28.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,829 shares of the electronics maker’s stock valued at $542,000 after acquiring an additional 840 shares during the period. Martingale Asset Management L P raised its holdings in TE Connectivity by 3.6% during the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock worth $255,000 after purchasing an additional 63 shares in the last quarter. Summit Financial LLC lifted its position in TE Connectivity by 11.2% in the first quarter. Summit Financial LLC now owns 1,682 shares of the electronics maker’s stock worth $238,000 after purchasing an additional 170 shares during the period. Finally, Compound Planning Inc. acquired a new stake in TE Connectivity in the first quarter worth approximately $245,000. Institutional investors own 91.43% of the company’s stock.
Insider Buying and Selling
In other news, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were 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 represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the transaction, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by corporate insiders.
TE Connectivity Stock Performance
TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 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 business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Announces Dividend
The firm also recently declared 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. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s payout ratio is presently 46.18%.
Analysts Set New Price Targets
TEL has been the topic of a number of research reports. Truist Financial boosted their price objective on TE Connectivity from $239.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $241.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Barclays lifted their price target on shares of TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Two 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.85.
Get Our Latest Research Report on TEL
About TE Connectivity
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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