Stocks

TE Connectivity Insider Selling: Details of Recent Stock Sale

Published March 6, 2025

On March 4th, 2024, Shadrak W. Kroeger, an insider at TE Connectivity Ltd. (NYSE:TEL), sold 25,000 shares of the company’s stock. The shares were sold at an average price of $146.77, resulting in a total transaction value of $3,669,250. Following this sale, Kroeger now directly owns 25,976 shares, with a total estimated value of approximately $3,812,497.52. This transaction reflects a significant decrease of 49.04% in Kroeger’s ownership position. The details of the transaction were disclosed in a filing with the SEC, which is publicly accessible.

Current Stock Performance

As of Thursday, TE Connectivity shares opened at $150.95. The company maintains a current ratio of 1.68, a quick ratio of 1.10, and a debt-to-equity ratio of 0.26. Over the past fifty days, the company’s simple moving average stands at $148.17, while its two-hundred day moving average is $148.78. The stock has experienced a 12-month low of $137.61 and a high of $159.98, with the total market capitalization reaching $45.03 billion. The price-to-earnings ratio currently is at 24.11, with a price-to-earnings-growth ratio of 2.11 and a beta value of 1.32.

Quarterly Earnings Report

TE Connectivity released its quarterly earnings results on January 22nd. The electronics manufacturer reported earnings of $1.95 per share, surpassing analysts’ expectations of $1.89 by $0.06. The total revenue for the quarter was $3.84 billion, slightly below the consensus estimate of $3.92 billion. The company has reported a return on equity of 18.82% and a net profit margin of 12.10%. Revenue for the quarter showed an increase of 0.1% compared to the same period last year, during which they reported earnings of $1.84 per share. Analysts predict TE Connectivity will post earnings of $8.05 per share in the current fiscal year.

Institutional Investor Activity

Recent changes in holdings by institutional investors reflect a growing interest in TE Connectivity. For instance, Farther Finance Advisors LLC increased its stake in the company by 20.9% during the third quarter, bringing its total to 1,611 shares valued at $243,000. Similarly, Janney Montgomery Scott LLC raised its position by 3.1%, owning 221,089 shares valued at $33,382,000 after an additional purchase. Robeco Institutional Asset Management B.V. also increased its holdings by 17.0%, now owning 148,550 shares valued at $22,430,000. Notably, the National Pension Service boosted its stake by 12.3%, holding 773,489 shares valued at $116,789,000. Currently, institutional investors own approximately 91.43% of the company’s stock.

Analysts’ Ratings and Predictions

Equities research analysts have recently provided their insights on TE Connectivity. Bank of America lifted its price target from $167.00 to $170.00 and reaffirmed a "buy" rating. Robert W. Baird also raised its price estimate from $162.00 to $168.00, maintaining an "outperform" rating. Citigroup adjusted its target from $160.00 to $165.00, assigning a "neutral" rating. In contrast, Truist Financial slightly reduced their price target from $165.00 to $163.00 while keeping a "hold" recommendation. HSBC Global Research upgraded TE Connectivity from a "moderate sell" to a "hold" rating. Presently, seven analysts recommend holding the stock, while six suggest buying, resulting in an average rating of "Hold" and a consensus price target of $167.00.

TE Connectivity Overview

TE Connectivity Ltd. is a leading provider of connectivity and sensor solutions across various regions, including Europe, the Middle East, Africa, Asia-Pacific, and the Americas. The company operates within three primary segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.