Salomon & Ludwin LLC Increases Stock Position in TE Connectivity Ltd. $TEL

Salomon & Ludwin LLC raised its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 58.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178 shares of the electronics maker’s stock after buying an additional 66 shares during the quarter. Salomon & Ludwin LLC’s holdings in TE Connectivity were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TEL. Costello Asset Management INC purchased a new position in TE Connectivity during the first quarter valued at $28,000. Millstone Evans Group LLC purchased a new position in shares of TE Connectivity in the 1st quarter worth about $32,000. Richardson Financial Services Inc. bought a new position in TE Connectivity in the 2nd quarter worth about $33,000. Kelly Lawrence W & Associates Inc. CA bought a new position in TE Connectivity in the 1st quarter worth about $34,000. Finally, Ransom Advisory Ltd bought a new position in TE Connectivity in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TEL. Bank of America upped their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Truist Financial increased their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Evercore ISI increased their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Finally, Barclays assumed coverage on shares of TE Connectivity in a report on Tuesday, October 7th. They set an “overweight” rating and a $249.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $219.92.

Insider Buying and Selling at TE Connectivity

In other news, insider Aaron Kyle Stucki sold 52,900 shares of the company’s 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 completion of the sale, the insider owned 23,667 shares of the company’s stock, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction 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 represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock worth $25,040,158 over the last 90 days. 0.90% of the stock is owned by company insiders.

TE Connectivity Price Performance

TEL opened at $223.33 on Monday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $226.50. The stock has a market capitalization of $65.99 billion, a P/E ratio of 46.24, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The company’s 50-day simple moving average is $212.45 and its two-hundred day simple moving average is $180.36.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given 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 dividend yield of 1.3%. TE Connectivity’s dividend payout ratio is presently 58.80%.

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.