OLD National Bancorp IN Grows Stock Holdings in TE Connectivity Ltd. $TEL

OLD National Bancorp IN grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 48.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,512 shares of the electronics maker’s stock after acquiring an additional 1,152 shares during the quarter. OLD National Bancorp IN’s holdings in TE Connectivity were worth $592,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TEL. Costello Asset Management INC acquired a new position in shares of TE Connectivity during the first quarter valued at about $28,000. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity during the first quarter valued at about $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of TE Connectivity during the first quarter valued at about $34,000. Ransom Advisory Ltd acquired a new position in shares of TE Connectivity during the first quarter valued at about $34,000. Finally, Dagco Inc. acquired a new position in shares of TE Connectivity during the first quarter valued at about $35,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction 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 sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. 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 TE Connectivity stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock worth $25,040,158 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TEL. KGI Securities upgraded shares of TE Connectivity to a “hold” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a research report on Saturday, September 27th. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 31st. The Goldman Sachs Group raised their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Evercore ISI raised their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.42.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $221.85 on Wednesday. The stock has a market capitalization of $65.55 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 2.41 and a beta of 1.26. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $225.26. The firm’s 50 day simple moving average is $209.45 and its 200-day simple moving average is $175.78. 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 (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is presently 58.80%.

TE Connectivity 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.