Representative Greg Landsman (D-Ohio) recently sold shares of TE Connectivity Ltd. NYSE: TEL. In a filing disclosed on April 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in TE Connectivity stock on March 25th. The trade occurred in the Representative's "SARAH LANDSMAN TRADITIONAL IRA" account.
Representative Greg Landsman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Simon Property Group NYSE: SPG on 3/27/2025.
- Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Visa NYSE: V on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Cencora NYSE: COR on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 3/27/2025.
TE Connectivity Stock Performance
Shares of TEL stock traded down $0.55 on Tuesday, hitting $129.40. 1,811,043 shares of the stock were exchanged, compared to its average volume of 1,714,053. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $159.98. The firm's 50 day moving average is $144.12 and its two-hundred day moving average is $146.77. The firm has a market capitalization of $38.61 billion, a PE ratio of 20.67, a P/E/G ratio of 2.11 and a beta of 1.25. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $1.84 earnings per share. The company's revenue was up .1% on a year-over-year basis. Sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio is currently 45.37%.
Insider Buying and Selling at TE Connectivity
In other news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEL. Vista Investment Management lifted its stake in TE Connectivity by 0.5% during the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock worth $1,891,000 after purchasing an additional 70 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in TE Connectivity by 2.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock worth $534,000 after buying an additional 75 shares in the last quarter. Modera Wealth Management LLC grew its position in TE Connectivity by 2.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after acquiring an additional 78 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of TE Connectivity by 4.3% in the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock worth $275,000 after acquiring an additional 80 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in TE Connectivity by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock worth $2,002,000 after purchasing an additional 83 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on TEL. StockNews.com downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Truist Financial cut their target price on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Citigroup decreased their price target on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating on the stock in a research report on Monday. UBS Group reduced their price objective on shares of TE Connectivity from $188.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $159.20.
Read Our Latest Stock Analysis on TEL
About Representative Landsman
Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2026 election.
Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.
TE Connectivity Company Profile
(
Get Free Report)
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.
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