1,199 Shares in TE Connectivity Ltd. $TEL Purchased by Atlas Brown Inc.

Key Points

• Atlas Brown Inc. has acquired a new position in TE Connectivity Ltd., purchasing 1,199 shares valued at approximately $202,000.
• TE Connectivity reported a quarterly revenue increase of 13.9% year-over-year, with earnings per share of $2.27, surpassing analysts' estimates.
• The company recently announced a quarterly dividend of $0.71 per share, equating to an annualized yield of 1.3%.

Atlas Brown Inc. bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,199 shares of the electronics maker's stock, valued at approximately $202,000.

Several other hedge funds also recently bought and sold shares of TEL. Costello Asset Management INC purchased a new position in TE Connectivity during the first quarter worth about $28,000. Millstone Evans Group LLC purchased a new position in TE Connectivity during the first quarter worth about $32,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in TE Connectivity during the first quarter worth about $34,000. Ransom Advisory Ltd purchased a new position in TE Connectivity during the first quarter worth about $34,000. Finally, Dagco Inc. purchased a new position in TE Connectivity during the first quarter worth about $35,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $210.99 on Tuesday. The firm's fifty day simple moving average is $199.15 and its 200-day simple moving average is $168.02. The stock has a market capitalization of $62.34 billion, a price-to-earnings ratio of 43.68, a PEG ratio of 2.49 and a beta of 1.23. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $215.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's payout ratio is presently 58.80%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TEL. Wells Fargo & Company increased their target price on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Citigroup lifted their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. The Goldman Sachs Group restated a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.55.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider directly owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,645 shares of company stock valued at $27,267,158. Insiders own 0.90% of the company's stock.

TE Connectivity Profile

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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