CNB Bank Acquires 580 Shares of TE Connectivity Ltd. (NYSE:TEL)

27 Jun 2025, 06:00 by Doug Wharley · The Cerbat Gem

CNB Bank increased its holdings in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,435 shares of the electronics maker’s stock after buying an additional 580 shares during the quarter. CNB Bank’s holdings in TE Connectivity were worth $768,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TEL. SRS Capital Advisors Inc. grew its stake in shares of TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 107 shares during the period. Fairway Wealth LLC purchased a new stake in TE Connectivity in the fourth quarter worth approximately $43,000. Global X Japan Co. Ltd. purchased a new stake in TE Connectivity in the first quarter worth approximately $47,000. Loomis Sayles & Co. L P grew its position in TE Connectivity by 32.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 123 shares during the period. Finally, Ancora Advisors LLC raised its stake in TE Connectivity by 150.0% during the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker’s stock valued at $71,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 37,844 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $153.33, for a total transaction of $5,802,620.52. Following the completion of the transaction, the chief financial officer now owns 45,503 shares of the company’s stock, valued at $6,976,974.99. This represents a 45.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Jenkins sold 20,400 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total value of $3,322,140.00. Following the transaction, the executive vice president now owns 24,625 shares of the company’s stock, valued at approximately $4,010,181.25. The trade was a 45.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 174,675 shares of company stock valued at $27,369,059. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group raised their price target on TE Connectivity from $163.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Citigroup dropped their target price on TE Connectivity from $165.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Vertical Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Friday, April 25th. The Goldman Sachs Group lowered their price objective on shares of TE Connectivity from $190.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, HSBC upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.50.

Get Our Latest Stock Analysis on TE Connectivity

TE Connectivity Trading Up 0.9%

Shares of TE Connectivity stock opened at $169.41 on Friday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $170.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The company has a market capitalization of $50.24 billion, a P/E ratio of 37.23, a P/E/G ratio of 2.19 and a beta of 1.23. The company has a fifty day moving average of $156.88 and a 200 day moving average of $148.94.

TE Connectivity (NYSE:TEL – Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.14. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 earnings per share. On average, sell-side analysts anticipate 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, September 12th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity’s payout ratio is currently 62.42%.

TE Connectivity Company Profile

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