TD Asset Management Inc Sells 24,829 Shares of TE Connectivity Ltd. $TEL

TD Asset Management Inc trimmed its holdings in TE Connectivity Ltd. (NYSE:TEL) by 8.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 282,290 shares of the electronics maker’s stock after selling 24,829 shares during the quarter. TD Asset Management Inc owned about 0.10% of TE Connectivity worth $47,614,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Verdence Capital Advisors LLC bought a new position in shares of TE Connectivity in the second quarter valued at about $214,000. Sequoia Financial Advisors LLC raised its holdings in shares of TE Connectivity by 10.5% in the second quarter. Sequoia Financial Advisors LLC now owns 7,580 shares of the electronics maker’s stock valued at $1,279,000 after buying an additional 720 shares during the last quarter. Vest Financial LLC raised its holdings in shares of TE Connectivity by 13.6% in the second quarter. Vest Financial LLC now owns 8,416 shares of the electronics maker’s stock valued at $1,420,000 after buying an additional 1,010 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of TE Connectivity by 41.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 127,985 shares of the electronics maker’s stock valued at $21,792,000 after buying an additional 37,373 shares during the last quarter. Finally, LRI Investments LLC raised its holdings in TE Connectivity by 27.1% during the 2nd quarter. LRI Investments LLC now owns 1,038 shares of the electronics maker’s stock worth $175,000 after purchasing an additional 221 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,545 shares of company stock valued at $25,040,158 over the last 90 days. 0.90% of the stock is owned by company insiders.

TE Connectivity Price Performance

TE Connectivity stock opened at $224.03 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $212.03 and a 200-day moving average of $179.18. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $226.50. The firm has a market capitalization of $66.20 billion, a P/E ratio of 46.38, a PEG ratio of 2.40 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (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 business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $1.91 EPS. TE Connectivity’s quarterly 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, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity’s payout ratio is currently 58.80%.

Analyst Ratings Changes

Several brokerages have weighed in on TEL. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Citigroup boosted their price objective on TE Connectivity from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. KGI Securities raised TE Connectivity to a “hold” rating in a report on Thursday, July 24th. Finally, Evercore ISI boosted their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $219.92.

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.