Pallas Capital Advisors LLC Makes New $555,000 Investment in TE Connectivity Ltd. $TEL

Key Points

• Pallas Capital Advisors LLC acquired 3,288 shares of TE Connectivity Ltd. valued at approximately $555,000 during the second quarter, as reported in their SEC filing.
• TE Connectivity recently announced a quarterly dividend of $0.71 per share, which will be paid on December 12th, representing an annualized yield of 1.3%.
• The company's earnings report indicated $2.27 EPS, beating analyst estimates by $0.19, and revenue for the quarter was $4.53 billion, surpassing projections.

Pallas Capital Advisors LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,288 shares of the electronics maker's stock, valued at approximately $555,000.

Several other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of TE Connectivity by 423.0% in the second quarter. Harbor Capital Advisors Inc. now owns 387 shares of the electronics maker's stock valued at $65,000 after buying an additional 313 shares during the period. Czech National Bank boosted its position in shares of TE Connectivity by 5.8% during the 2nd quarter. Czech National Bank now owns 72,486 shares of the electronics maker's stock valued at $12,226,000 after purchasing an additional 3,959 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of TE Connectivity by 4.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 44,175 shares of the electronics maker's stock worth $7,451,000 after purchasing an additional 1,788 shares during the last quarter. Everpar Advisors LLC bought a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $213,000. Finally, Atlas Brown Inc. acquired a new stake in TE Connectivity during the second quarter valued at approximately $202,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on TEL shares. Wall Street Zen cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. KGI Securities upgraded TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Bank of America upped their target price on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. Finally, Citigroup upped their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One 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 stock. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and an average target price of $199.55.

TE Connectivity Stock Up 0.1%

Shares of TE Connectivity stock traded up $0.19 during midday trading on Tuesday, reaching $218.78. 382,067 shares of the company's stock traded hands, compared to its average volume of 1,814,121. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $221.00. The company's 50 day simple moving average is $203.25 and its 200 day simple moving average is $170.33. The company has a market cap of $64.65 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23.

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

TE Connectivity Announces Dividend

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

Insider Activity

In other news, 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares of the company's stock, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,645 shares of company stock valued at $27,267,158 over the last three months. 0.90% of the stock is currently owned by insiders.

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.