Kennebec Savings Bank Has $700,000 Holdings in TE Connectivity Ltd. $TEL

Kennebec Savings Bank boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,152 shares of the electronics maker’s stock after purchasing an additional 228 shares during the quarter. Kennebec Savings Bank’s holdings in TE Connectivity were worth $700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Naples Global Advisors LLC raised its holdings in TE Connectivity by 11.3% during the 2nd quarter. Naples Global Advisors LLC now owns 17,319 shares of the electronics maker’s stock worth $2,921,000 after buying an additional 1,760 shares during the period. Trilogy Capital Inc. acquired a new stake in TE Connectivity during the 2nd quarter worth about $242,000. Ninety One North America Inc. raised its holdings in TE Connectivity by 2.6% during the 2nd quarter. Ninety One North America Inc. now owns 103,777 shares of the electronics maker’s stock worth $17,504,000 after buying an additional 2,675 shares during the period. Pacific Point Advisors LLC acquired a new stake in TE Connectivity during the 2nd quarter worth about $219,000. Finally, PFG Investments LLC acquired a new position in shares of TE Connectivity in the 2nd quarter valued at about $274,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TEL shares. Bank of America upped their target price on TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Robert W. Baird set a $232.00 target price on TE Connectivity in a report on Wednesday, September 3rd. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Citigroup upped their target price on TE Connectivity from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group upped their target price on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average target price of $211.36.

TE Connectivity Trading Up 0.9%

Shares of NYSE TEL opened at $221.59 on Thursday. The stock has a market cap of $65.48 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 2.61 and a beta of 1.26. The business has a 50 day simple moving average of $208.32 and a 200 day simple moving average of $173.51. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $222.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity (NYSE:TEL) last announced 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. The business 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 firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a $0.71 dividend. 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 payout ratio is presently 58.80%.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the company’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 transaction 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 $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares of the company’s stock, valued at $4,562,524.26. The trade was a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock worth $25,040,158 over the last ninety days. Company insiders own 0.90% of the company’s stock.

TE Connectivity 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.