TE Connectivity Ltd. $TEL Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 19.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,069 shares of the electronics maker’s stock after selling 3,528 shares during the period. Central Pacific Bank Trust Division’s holdings in TE Connectivity were worth $3,038,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in TE Connectivity in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. grew its stake in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after buying an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at about $40,000. MV Capital Management Inc. purchased a new stake in shares of TE Connectivity during the 4th quarter valued at about $41,000. Finally, Westfuller Advisors LLC lifted its position in TE Connectivity by 120.2% during the 4th quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 101 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. Wells Fargo & Company decreased their target price on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Citigroup dropped their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $251.15.

TE Connectivity Stock Performance

Shares of TEL opened at $216.82 on Wednesday. The firm has a market cap of $62.77 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.37 and a beta of 1.16. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $206.33 and its two-hundred day moving average is $213.73. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56.

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, topping analysts’ consensus estimates of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts forecast that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s payout ratio is presently 30.59%.

About TE Connectivity

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.