Rep. Josh Gottheimer Sells TE Connectivity Ltd. (NYSE:TEL) Stock

Representative Josh Gottheimer (D-New Jersey) recently sold shares of TE Connectivity Ltd. (NYSE:TEL). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $15,001 and $50,000 in TE Connectivity stock on April 17th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
• Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

TE Connectivity Stock Up 1.8%

TEL stock opened at $163.58 on Friday. The stock has a market capitalization of $48.51 billion, a P/E ratio of 26.13, a PEG ratio of 2.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $163.61. The company has a 50 day moving average price of $141.62 and a two-hundred day moving average price of $146.56.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company earned $1.86 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.71 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s payout ratio is presently 62.42%.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEL. Wellington Management Group LLP purchased a new stake in TE Connectivity in the 4th quarter worth approximately $909,598,000. Vanguard Group Inc. lifted its position in 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 in the last quarter. Norges Bank purchased a new stake in TE Connectivity in the 4th quarter worth approximately $508,199,000. Clearbridge Investments LLC lifted its position in TE Connectivity by 72.1% in the 4th quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker’s stock worth $581,148,000 after buying an additional 1,702,825 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in TE Connectivity in the 1st quarter worth approximately $174,700,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 20,400 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total transaction of $3,322,140.00. Following the transaction, the executive vice president now owns 24,625 shares in the company, valued at $4,010,181.25. This represents a 45.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 5,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $800,000.00. Following the transaction, the insider now owns 23,646 shares in the company, valued at approximately $3,783,360. This trade represents a 17.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,675 shares of company stock worth $27,062,559 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TEL. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $130.00 to $148.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Vertical Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Friday, April 25th. The Goldman Sachs Group cut 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. Bank of America upped their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.50.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.