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 firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

TE Connectivity Stock Performance

Shares of TEL stock opened at $248.93 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56. The company has a market capitalization of $73.55 billion, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company’s 50 day moving average price is $221.34 and its two-hundred day moving average price is $190.42. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping the consensus estimate of $2.29 by $0.15. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company posted $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.1%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

Hedge Funds Weigh In On TE Connectivity

A number of institutional investors have recently added to or reduced their stakes in TEL. Brighton Jones LLC acquired a new position in TE Connectivity during the fourth quarter worth $820,000. Concurrent Investment Advisors LLC increased its holdings in shares of TE Connectivity by 9.6% in the first quarter. Concurrent Investment Advisors LLC now owns 2,031 shares of the electronics maker’s stock valued at $287,000 after purchasing an additional 178 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of TE Connectivity by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,303,733 shares of the electronics maker’s stock valued at $184,244,000 after purchasing an additional 80,195 shares during the last quarter. Callan Capital LLC increased its holdings in shares of TE Connectivity by 5.3% in the first quarter. Callan Capital LLC now owns 2,180 shares of the electronics maker’s stock valued at $308,000 after purchasing an additional 109 shares during the last quarter. Finally, Financial Counselors Inc. increased its holdings in shares of TE Connectivity by 4.3% in the first quarter. Financial Counselors Inc. now owns 165,572 shares of the electronics maker’s stock valued at $23,399,000 after purchasing an additional 6,780 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TEL shares. The Goldman Sachs Group lifted their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday, September 29th. Barclays lifted their price objective on shares of TE Connectivity from $249.00 to $277.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup lifted their price objective on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Robert W. Baird lifted their price objective on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Evercore ISI lifted their price objective on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.58.

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.