Insider Selling: TE Connectivity (NYSE:TEL) Insider Sells 9,400 Shares of Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak Kroeger sold 9,400 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the completion of the sale, the insider directly owned 32,541 shares in the company, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TE Connectivity Price Performance

Shares of NYSE TEL traded down $3.18 on Tuesday, hitting $233.01. The company’s stock had a trading volume of 508,365 shares, compared to its average volume of 2,256,759. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The stock has a 50 day moving average of $230.13 and a 200-day moving average of $223.75. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The company has a market capitalization of $68.37 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.TE Connectivity’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s payout ratio is presently 40.98%.

Institutional Investors Weigh In On TE Connectivity

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of TE Connectivity by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after buying an additional 410,910 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of TE Connectivity by 7.0% during the 3rd quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock worth $73,849,000 after purchasing an additional 21,882 shares during the last quarter. J. Safra Sarasin Holding AG raised its holdings in shares of TE Connectivity by 132.5% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock valued at $2,952,000 after purchasing an additional 7,664 shares in the last quarter. Nordea Investment Management AB boosted its holdings in TE Connectivity by 3.5% in the third quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker’s stock worth $363,215,000 after purchasing an additional 56,833 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in TE Connectivity during the second quarter valued at about $917,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TEL. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a research note on Wednesday, January 21st. UBS Group raised their price objective on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Finally, Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

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.