TE Connectivity (NYSE:TEL) CFO Heath Mitts Sells 82,300 Shares

TE Connectivity Ltd. (NYSE:TEL) CFO Heath Mitts sold 82,300 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the transaction, the chief financial officer directly owned 45,503 shares in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TE Connectivity Stock Down 1.4%

Shares of NYSE TEL opened at $243.40 on Wednesday. The business’s fifty day moving average price is $220.52 and its 200-day moving average price is $190.01. The stock has a market capitalization of $71.92 billion, a PE ratio of 39.58, a P/E/G ratio of 2.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $248.59.

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

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders 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 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

Institutional Trading of TE Connectivity

Several hedge funds have recently bought and sold shares of TEL. Princeton Global Asset Management LLC bought a new stake in TE Connectivity during the second quarter valued at about $26,000. Costello Asset Management INC bought a new stake in TE Connectivity during the first quarter valued at about $28,000. Neo Ivy Capital Management bought a new stake in TE Connectivity during the second quarter valued at about $30,000. Salomon & Ludwin LLC grew its holdings in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 66 shares during the period. Finally, Caldwell Trust Co bought a new stake in TE Connectivity during the second quarter valued at about $31,000. Institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TEL. JPMorgan Chase & Co. raised their target price on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday. Robert W. Baird lifted their target price on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their target price on TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.