Harbor Asset Planning Inc. Buys New Position in TE Connectivity Ltd. $TEL

Harbor Asset Planning Inc. bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 296 shares of the electronics maker’s stock, valued at approximately $50,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in TE Connectivity in the first quarter worth $28,000. Millstone Evans Group LLC bought a new position in shares of TE Connectivity in the 1st quarter worth about $32,000. Richardson Financial Services Inc. purchased a new position in TE Connectivity during the 2nd quarter valued at about $33,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in TE Connectivity during the first quarter worth about $34,000. Finally, Ransom Advisory Ltd purchased a new stake in TE Connectivity in the first quarter worth about $34,000. Institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares of the company’s stock, valued at approximately $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the transaction, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,545 shares of company stock worth $25,040,158 in the last ninety days. Insiders own 0.90% of the company’s stock.

TE Connectivity Trading Up 0.6%

TE Connectivity stock opened at $224.03 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $226.50. The stock has a market capitalization of $66.20 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26. The business’s fifty day moving average is $212.03 and its 200 day moving average is $179.18.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm posted $1.91 earnings per share. TE Connectivity’s revenue was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side 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, December 12th. Shareholders of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio is currently 58.80%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TEL shares. Truist Financial lifted their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 31st. Wells Fargo & Company increased their target price on TE Connectivity from $198.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 25th. UBS Group increased their target price on TE Connectivity from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Barclays initiated coverage on TE Connectivity in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $249.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $219.92.

About TE Connectivity

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.