TE Connectivity Ltd. (NYSE:TEL) continued to display strong performance in Q3 2024, beating earnings estimates. This follows the company's Q2 results, which also exceeded expectations despite a year-on-year sales generally noticed. Some investors have acknowledged this success, with both Kintegral Advisory LLC and Catalyst Financial Partners LLC increasing their shareholdings, while others, including Principal Financial Group Inc., have reduced their positions. This comes as TE Connectivity announces an intent to change its place of incorporation from Switzerland to Ireland, and its stock hits a 52-week high of $159.825. Despite this success, there's some caution in the market, with several insiders, including EVP & General Counsel John Jenkins and President, Transportation Sol. Steven Merkt, selling significant shares. Further, the company's five-year earnings growth is noted to not entirely match the positive shareholder returns, suggesting room for improved value. Nonetheless, the company continues its commitment to shareholders with an announced dividend of $0.65. TE Connectivity also announced pricing for a $350 million 4.625% senior notes offering. Looking forward, there's anticipation for the release of TE Connectivity's Q4 2024 earnings.
Te Connectivity Ltd TEL News Analytics from Wed, 18 Jun 2014 07:00:00 GMT to Sat, 31 Aug 2024 16:15:18 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -2
