Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Position in TE Connectivity Ltd. $TEL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,430 shares of the electronics maker’s stock after buying an additional 98 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in TE Connectivity were worth $410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock worth $5,353,401,000 after buying an additional 5,502,415 shares during the last quarter. Dodge & Cox grew its holdings in TE Connectivity by 0.4% in the first quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker’s stock worth $2,264,297,000 after purchasing an additional 56,871 shares during the last quarter. Wellington Management Group LLP grew its holdings in TE Connectivity by 17.2% in the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after purchasing an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in TE Connectivity by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after purchasing an additional 960,276 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in TE Connectivity by 5.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker’s stock worth $580,609,000 after buying an additional 224,422 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In other news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the transaction, the insider owned 23,667 shares in the company, valued at $4,562,524.26. The trade was a 69.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction on Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Trading Down 0.1%

Shares of TEL stock opened at $221.00 on Monday. The stock’s fifty day moving average is $208.91 and its two-hundred day moving average is $174.92. 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 firm has a market capitalization of $65.30 billion, a P/E ratio of 45.75, a PEG ratio of 2.39 and a beta of 1.26. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $224.97.

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

TE Connectivity Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on TEL shares. 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 research report on Monday, September 29th. JPMorgan Chase & Co. increased their target price on TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. UBS Group increased their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a “buy” rating in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $198.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, September 25th. Finally, Bank of America raised their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. One research 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 company. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $211.36.

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.