Rep. Greg Landsman Unloads TE Connectivity Ltd. (NYSE:TEL) Shares

Representative Greg Landsman (D-Ohio) recently sold shares of TE Connectivity Ltd. (NYSE:TEL). In a filing disclosed on April 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in TE Connectivity stock on March 25th. The trade occurred in the Representative’s “SARAH LANDSMAN TRADITIONAL IRA” account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 3/27/2025.
• Sold $1,001 – $15,000 in shares of Cadence Design Systems (NASDAQ:CDNS) on 3/27/2025.
• Sold $15,001 – $50,000 in shares of Simon Property Group (NYSE:SPG) on 3/27/2025.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 3/27/2025.
• Sold $15,001 – $50,000 in shares of Visa (NYSE:V) on 3/27/2025.
• Sold $15,001 – $50,000 in shares of Cencora (NYSE:COR) on 3/27/2025.
• Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 3/27/2025.
• Sold $1,001 – $15,000 in shares of Ameriprise Financial (NYSE:AMP) on 3/27/2025.
• Sold $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 3/27/2025.
• Sold $1,001 – $15,000 in shares of Equinix (NASDAQ:EQIX) on 3/27/2025.

TE Connectivity Stock Performance

NYSE TEL traded down $5.73 on Thursday, reaching $128.13. The stock had a trading volume of 313,818 shares, compared to its average volume of 1,706,233. The stock has a market cap of $38.23 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $159.98. The business’s 50-day moving average price is $145.47 and its 200 day moving average price is $147.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. TE Connectivity’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, May 21st. This is an increase from TE Connectivity’s previous quarterly dividend of $0.65. TE Connectivity’s dividend payout ratio (DPR) is currently 45.37%.

Wall Street Analyst Weigh In

TEL has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. StockNews.com lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Finally, Citigroup raised their price target on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $165.56.

Institutional Trading of TE Connectivity

A number of hedge funds have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. grew its holdings in TE Connectivity by 2,193.7% in the third quarter. Benjamin Edwards Inc. now owns 2,179 shares of the electronics maker’s stock valued at $329,000 after purchasing an additional 2,084 shares during the period. HighTower Advisors LLC increased its holdings in shares of TE Connectivity by 28.5% during the 3rd quarter. HighTower Advisors LLC now owns 58,803 shares of the electronics maker’s stock worth $8,873,000 after buying an additional 13,027 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of TE Connectivity by 25.4% in the 3rd quarter. Quantinno Capital Management LP now owns 22,382 shares of the electronics maker’s stock worth $3,379,000 after buying an additional 4,531 shares during the period. Two Sigma Advisers LP boosted its holdings in TE Connectivity by 28.0% in the third quarter. Two Sigma Advisers LP now owns 107,500 shares of the electronics maker’s stock valued at $16,231,000 after acquiring an additional 23,500 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in TE Connectivity by 57.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 13,332 shares of the electronics maker’s stock valued at $2,013,000 after acquiring an additional 4,862 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by insiders.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio’s 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio’s 1st Congressional District. He declared candidacy for the 2026 election.

Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor’s Office of Faith-Based and Community Initiatives.

TE Connectivity Company 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.