Heath Mitts Sells 82,300 Shares of TE Connectivity (NYSE:TEL) Stock

TE Connectivity Ltd. (NYSE:TEL) CFO Heath Mitts sold 82,300 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TE Connectivity Stock Performance

TEL stock traded down $3.78 during midday trading on Tuesday, hitting $243.09. The company’s stock had a trading volume of 804,287 shares, compared to its average volume of 1,807,268. The stock’s 50-day moving average price is $219.79 and its 200 day moving average price is $189.21. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $248.59. The stock has a market cap of $71.83 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 2.24 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s payout ratio is presently 46.18%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Robert W. Baird upped their target price on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. The Goldman Sachs Group increased their target price on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Citigroup increased their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Evercore ISI raised their price objective on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.58.

Institutional Investors Weigh In On TE Connectivity

Several institutional investors have recently added to or reduced their stakes in TEL. Princeton Global Asset Management LLC purchased a new position in shares of TE Connectivity in the second quarter worth about $26,000. SOA Wealth Advisors LLC. boosted its stake in shares of TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in TE Connectivity during the third quarter worth $39,000. Finally, Neo Ivy Capital Management acquired a new position in shares of TE Connectivity in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

About TE Connectivity

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.