Wedmont Private Capital Has $319,000 Stock Holdings in TE Connectivity Ltd. $TEL

Wedmont Private Capital trimmed its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,846 shares of the electronics maker’s stock after selling 98 shares during the quarter. Wedmont Private Capital’s holdings in TE Connectivity were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Martingale Asset Management L P lifted its position in shares of TE Connectivity by 3.6% during the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock valued at $255,000 after acquiring an additional 63 shares during the period. Ballentine Partners LLC lifted its position in shares of TE Connectivity by 1.4% during the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock valued at $703,000 after acquiring an additional 68 shares during the period. Hickory Point Bank & Trust lifted its position in shares of TE Connectivity by 2.6% during the 2nd quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker’s stock valued at $496,000 after acquiring an additional 75 shares during the period. AllSquare Wealth Management LLC lifted its position in shares of TE Connectivity by 7.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker’s stock valued at $180,000 after acquiring an additional 83 shares during the period. Finally, First County Bank CT lifted its position in shares of TE Connectivity by 3.6% during the 1st quarter. First County Bank CT now owns 2,425 shares of the electronics maker’s stock worth $343,000 after buying an additional 84 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares of the company’s stock, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,272,868.24. This trade represents a 47.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,645 shares of company stock worth $27,267,158. 0.90% of the stock is currently owned by insiders.

TE Connectivity Trading Down 0.5%

Shares of TEL stock opened at $216.12 on Monday. The stock has a market cap of $63.86 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 2.57 and a beta of 1.23. The stock has a 50-day moving average of $202.40 and a 200-day moving average of $169.86. 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 $218.76.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm 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 dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is currently 58.80%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial upped their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Bank of America upped their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 31st. JPMorgan Chase & Co. upped their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, KGI Securities upgraded TE Connectivity to a “hold” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.55.

TE Connectivity Company 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.