Twin Tree Management LP Acquires Shares of 5,559 TE Connectivity Ltd. $TEL

Twin Tree Management LP purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,559 shares of the electronics maker’s stock, valued at approximately $938,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Martingale Asset Management L P raised its position in TE Connectivity by 3.6% during the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock valued at $255,000 after purchasing an additional 63 shares in the last quarter. Nelson Capital Management LLC raised its holdings in shares of TE Connectivity by 0.4% during the 2nd quarter. Nelson Capital Management LLC now owns 15,464 shares of the electronics maker’s stock valued at $2,608,000 after buying an additional 63 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of TE Connectivity by 1.4% during the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock valued at $703,000 after buying an additional 68 shares in the last quarter. Hickory Point Bank & Trust raised its holdings in shares of TE Connectivity by 2.6% during the 2nd quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker’s stock valued at $496,000 after buying an additional 75 shares in the last quarter. Finally, AllSquare Wealth Management LLC raised its stake in shares of TE Connectivity by 7.0% during the first quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker’s stock worth $180,000 after acquiring an additional 83 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group lifted their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Wells Fargo & Company lifted their price objective on TE Connectivity from $198.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Bank of America lifted their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Barclays initiated coverage on TE Connectivity in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $249.00 price target on the stock. Finally, Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $219.92.

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the company’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 transaction of $9,597,780.50. Following the transaction, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock worth $25,040,158 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Stock Up 0.6%

Shares of NYSE:TEL opened at $224.03 on Friday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $226.50. The company has a market cap of $66.20 billion, a PE ratio of 46.38, a P/E/G ratio of 2.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The stock’s 50-day moving average is $212.03 and its 200 day moving average is $179.18.

TE Connectivity (NYSE:TEL) last posted its earnings results 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. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.71 per share. 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%.

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.