Aberdeen Group plc Boosts Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Aberdeen Group plc increased its stake in TE Connectivity Ltd. by 143.2%, owning approximately 266,619 shares valued at $37.5 million as of the latest SEC filing.
• TE Connectivity reported a quarterly EPS of $2.27, exceeding analysts' expectations by $0.19, with revenues reaching $4.53 billion, up 13.9% from the previous year.
• The company declared a quarterly dividend of $0.71, with a dividend yield of 1.4%, scheduled to be paid on September 12th.

Aberdeen Group plc boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 143.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 266,619 shares of the electronics maker's stock after buying an additional 156,981 shares during the period. Aberdeen Group plc owned about 0.09% of TE Connectivity worth $37,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TEL. Ballentine Partners LLC boosted its position in shares of TE Connectivity by 1.4% in the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock valued at $703,000 after acquiring an additional 68 shares during the period. Vista Investment Management lifted its position in TE Connectivity by 0.5% in the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock worth $1,891,000 after purchasing an additional 70 shares during the period. Silvercrest Asset Management Group LLC lifted its position in TE Connectivity by 2.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock worth $534,000 after purchasing an additional 75 shares during the period. Wedmont Private Capital lifted its position in TE Connectivity by 4.3% in the first quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock worth $275,000 after purchasing an additional 80 shares during the period. Finally, AllSquare Wealth Management LLC lifted its position in TE Connectivity by 7.0% in the first quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker's stock worth $180,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Up 2.9%

Shares of TE Connectivity stock traded up $5.7590 on Friday, reaching $205.3490. 348,310 shares of the company were exchanged, compared to its average volume of 1,834,510. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $60.68 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 2.40 and a beta of 1.23. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The company has a 50-day moving average of $185.51 and a 200 day moving average of $161.15.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its 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 analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

Insider Transactions at TE Connectivity

In other news, EVP John S. Jenkins sold 45,850 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the completion of the transaction, the executive vice president directly owned 24,625 shares in the company, valued at $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider owned 23,667 shares of the company's stock, valued at $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,795 shares of company stock valued at $26,401,597 over the last three months. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TEL. Wells Fargo & Company raised their target price on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. The Goldman Sachs Group restated a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. 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. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup lifted their price target on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of "Moderate Buy" and an average price target of $197.55.

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.