Advisors Asset Management Inc. Decreases Stake in TE Connectivity Ltd. $TEL

Key Points

• Advisors Asset Management Inc. reduced its stake in TE Connectivity Ltd. by 11.1%, selling 2,769 shares and now owning 22,280 shares worth $3,149,000.
• Several institutional investors have increased their positions in TE Connectivity, with Alyeska Investment Group L.P. and Adage Capital Partners GP L.L.C. raising their stakes by 27.9% and 32.6%, respectively.
• TE Connectivity is set to pay a quarterly dividend of $0.71 per share, translating to an annualized dividend of $2.84 and a yield of 1.4%.

Advisors Asset Management Inc. cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,280 shares of the electronics maker's stock after selling 2,769 shares during the period. Advisors Asset Management Inc.'s holdings in TE Connectivity were worth $3,149,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Martingale Asset Management L P increased its stake in TE Connectivity by 3.6% during the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock worth $255,000 after buying an additional 63 shares during the period. Ballentine Partners LLC grew its stake in TE Connectivity by 1.4% during the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock worth $703,000 after purchasing an additional 68 shares in the last quarter. Vista Investment Management increased its holdings in TE Connectivity by 0.5% during the 4th 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 raised its position in TE Connectivity by 2.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock valued at $534,000 after purchasing an additional 75 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of TE Connectivity by 4.3% in the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock valued at $275,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of TEL traded up $0.70 during midday trading on Tuesday, reaching $208.57. 1,117,156 shares of the stock were exchanged, compared to its average volume of 1,475,554. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76. 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 has a market capitalization of $61.63 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 2.47 and a beta of 1.23. The business's 50-day moving average price is $196.13 and its 200 day moving average price is $166.30.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $1.91 EPS. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

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

Insider Activity

In related news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction dated Monday, July 28th. The shares were 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 of the company's stock, valued at $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the sale, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. This represents a 29.20% decrease in their position. 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. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TEL has been the topic of a number of recent research reports. UBS Group upped their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Evercore ISI boosted their target price on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Wells Fargo & Company raised their price target on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Finally, Robert W. Baird set a $232.00 price target on TE Connectivity in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.55.

About TE Connectivity

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.