Rep. Josh Gottheimer Sells Off Shares of TE Connectivity Ltd. (NYSE:TEL)

Posted by James Quigley on May 17th, 2025

Representative Josh Gottheimer (D-New Jersey) recently sold shares of TE Connectivity Ltd. (NYSE:TEL). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $15,001 and $50,000 in TE Connectivity stock on April 17th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $164.03 on Friday. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $164.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The company’s fifty day moving average is $142.01 and its two-hundred day moving average is $146.64. The firm has a market capitalization of $48.64 billion, a P/E ratio of 26.20, a PEG ratio of 2.11 and a beta of 1.24.

TE Connectivity (NYSE:TEL – Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the firm earned $1.86 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.71 per share. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, May 21st. TE Connectivity’s payout ratio is presently 62.42%.

Analysts Set New Price Targets

Several research firms recently commented on TEL. Truist Financial decreased their price objective on shares of TE Connectivity from $163.00 to $156.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Citigroup decreased their price objective on shares of TE Connectivity from $165.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. UBS Group reiterated a “buy” rating and issued a $163.00 price objective (up from $155.00) on shares of TE Connectivity in a research report on Thursday, April 24th. Hsbc Global Res raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average target price of $159.50.

Get Our Latest Report on TEL

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. increased its stake in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 107 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of TE Connectivity during the 1st quarter valued at about $28,000. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity during the 1st quarter valued at about $32,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of TE Connectivity during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity

In related news, EVP John S. Jenkins sold 20,400 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total transaction of $3,322,140.00. Following the completion of the sale, the executive vice president now owns 24,625 shares of the company’s stock, valued at approximately $4,010,181.25. This represents a 45.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $500,000.00. Following the sale, the senior vice president now directly owns 5,927 shares of the company’s stock, valued at approximately $948,320. This trade represents a 34.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,675 shares of company stock valued at $27,062,559 in the last 90 days. 0.90% of the stock is currently owned by insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

TE Connectivity Company Profile

(Get Free Report)

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.