TE Connectivity Ltd. $TEL Stock Position Lowered by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,327 shares of the electronics maker’s stock after selling 869 shares during the quarter. Voya Investment Management LLC’s holdings in TE Connectivity were worth $6,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC purchased a new stake in TE Connectivity in the 1st quarter worth approximately $28,000. Millstone Evans Group LLC purchased a new stake in shares of TE Connectivity during the first quarter worth $32,000. Ransom Advisory Ltd acquired a new stake in TE Connectivity during the first quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in TE Connectivity in the first quarter valued at about $34,000. Finally, Dagco Inc. acquired a new position in TE Connectivity in the 1st quarter worth about $35,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TEL has been the subject of several recent research reports. KGI Securities raised TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Friday, July 11th. Truist Financial increased their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 31st. Finally, UBS Group increased their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $199.55.

TE Connectivity Stock Up 0.5%

TEL opened at $213.67 on Thursday. The business has a 50 day moving average of $200.77 and a 200-day moving average of $168.64. The stock has a market capitalization of $63.14 billion, a price-to-earnings ratio of 44.24, a P/E/G ratio of 2.53 and a beta of 1.23. 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 Ltd. has a 1-year low of $116.30 and a 1-year high of $215.22.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business posted $1.91 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a $0.71 dividend. 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 is presently 58.80%.

Insider Transactions at TE Connectivity

In other news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction dated 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 sale, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business’s 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 completion of the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,645 shares of company stock valued at $27,267,158 in the last ninety days. 0.90% of the stock is owned by company insiders.

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.