Berger Financial Group Inc Has $6.38 Million Holdings in TE Connectivity Ltd. $TEL

Berger Financial Group Inc boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 37,849 shares of the electronics maker’s stock after purchasing an additional 378 shares during the period. Berger Financial Group Inc’s holdings in TE Connectivity were worth $6,384,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in shares of TE Connectivity in the 1st quarter valued at about $28,000. Millstone Evans Group LLC acquired a new stake in TE Connectivity during the first quarter worth approximately $32,000. Ransom Advisory Ltd bought a new stake in TE Connectivity in the first quarter worth approximately $34,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity in the first quarter valued at approximately $34,000. Finally, Dagco Inc. bought a new position in shares of TE Connectivity during the 1st quarter worth approximately $35,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Down 0.1%

NYSE:TEL opened at $221.00 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $224.97. The company has a market cap of $65.30 billion, a PE ratio of 45.75, a PEG ratio of 2.39 and a beta of 1.26. The firm has a 50-day moving average of $208.91 and a 200-day moving average of $174.72.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is 58.80%.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value 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 approximately $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of TE Connectivity 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 transaction, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock valued at $25,040,158 over the last quarter. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on TEL. Evercore ISI lifted their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a research note on Saturday, September 27th. Robert W. Baird set a $232.00 price objective on shares of TE Connectivity in a research report on Wednesday, September 3rd. Truist Financial raised their target price on TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group upped their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.36.

TE Connectivity Company 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.