Bridges Investment Management Inc. Reduces Holdings in TE Connectivity Ltd. $TEL

Bridges Investment Management Inc. decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,910 shares of the electronics maker’s stock after selling 1,480 shares during the quarter. Bridges Investment Management Inc.’s holdings in TE Connectivity were worth $2,009,000 as of its most recent filing with the SEC.

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

Insider Activity at TE Connectivity

In other news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred 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 approximately $4,562,524.26. This trade represents a 69.09% 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, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company’s stock, valued at approximately $977,155.20. The trade was a 29.20% 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 in the last 90 days. Insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL opened at $224.03 on Friday. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $226.50. The stock’s 50 day moving average is $212.03 and its two-hundred day moving average is $179.18. The firm has a market capitalization 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 current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.30 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The firm’s revenue for the quarter 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. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. The Goldman Sachs Group raised their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, September 29th. UBS Group raised their price target on TE Connectivity from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $219.92.

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.