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

Central Pacific Bank Trust Division cut its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 19.0% during the 2nd quarter, HoldingsChannel.com reports. 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $820,000. Sivia Capital Partners LLC lifted its holdings in TE Connectivity by 66.7% in the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after acquiring an additional 1,007 shares during the last quarter. Walleye Capital LLC lifted its holdings in TE Connectivity by 14.6% in the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock worth $453,000 after acquiring an additional 343 shares during the last quarter. Squarepoint Ops LLC boosted its stake in TE Connectivity by 1,214.0% in the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after acquiring an additional 97,256 shares during the period. Finally, Ieq Capital LLC boosted its stake in TE Connectivity by 75.0% in the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after acquiring an additional 9,980 shares during the period. Institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore reiterated an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research report on Monday, June 22nd. Truist Financial reduced their price objective on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. UBS Group restated a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, Citigroup cut their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Price Performance

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

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is 30.59%.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction 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 transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

TE Connectivity Company 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.