Atlas Brown Inc. Takes Position in TE Connectivity Ltd. $TEL

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 stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,199 shares of the electronics maker's stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after purchasing an additional 5,502,415 shares during the period. Dodge & Cox raised its holdings in shares of TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock valued at $2,264,297,000 after buying an additional 56,871 shares during the period. Wellington Management Group LLP raised its holdings in shares of TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after buying an additional 1,097,035 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after buying an additional 960,276 shares during the period. Finally, EdgePoint Investment Group Inc. raised its holdings in shares of TE Connectivity by 5.8% in the 1st quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock valued at $580,609,000 after buying an additional 224,422 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the sale, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the sale, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TEL has been the subject of several analyst reports. KGI Securities raised TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Truist Financial boosted their target price on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Robert W. Baird set a $232.00 target price on TE Connectivity in a research note on Wednesday, September 3rd. Evercore ISI boosted their target price on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and an average target price of $199.55.

TE Connectivity Stock Performance

Shares of TEL stock traded down $1.19 during trading hours on Friday, reaching $216.12. 4,017,204 shares of the company's stock were exchanged, compared to its average volume of 1,487,980. The company has a market cap of $63.86 billion, a P/E ratio of 44.75, a price-to-earnings-growth ratio of 2.58 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The company's 50 day moving average is $202.40 and its two-hundred day moving average is $169.57. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $218.76.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping 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 return on equity of 20.22% and a net margin of 8.78%.The company's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

TE Connectivity Company 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.