First Trust Advisors LP Sells 3,105 Shares of TE Connectivity Ltd. $TEL

First Trust Advisors LP lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 419,158 shares of the electronics maker’s stock after selling 3,105 shares during the quarter. First Trust Advisors LP’s holdings in TE Connectivity were worth $87,612,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in TE Connectivity during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. lifted its stake in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new position in TE Connectivity in the 4th quarter valued at $40,000. MV Capital Management Inc. bought a new position in TE Connectivity in the 4th quarter valued at $41,000. Finally, JFS Wealth Advisors LLC grew its position in shares of TE Connectivity by 54.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

TEL has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research report on Thursday. Citigroup reduced their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Truist Financial lowered their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, Robert W. Baird cut their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $251.15.

TE Connectivity Stock Up 2.1%

Shares of NYSE:TEL opened at $202.95 on Friday. The firm has a market capitalization of $59.24 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.88. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The firm has a fifty day moving average of $205.36 and a 200 day moving average of $215.01.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the business posted $2.27 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, research analysts anticipate that TE Connectivity Ltd. will post 11.41 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

TE Connectivity Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.