Alliancebernstein L.P. Reduces Stock Holdings in TE Connectivity Ltd. $TEL

Key Points

• Alliancebernstein L.P. reduced its stake in TE Connectivity Ltd. by 18.9%, now holding 1,105,767 shares valued at approximately $156.27 million.
• TE Connectivity recently reported earnings of $2.27 per share, exceeding analyst expectations, with revenues of $4.53 billion for the quarter.
• The company announced a quarterly dividend of $0.71 per share, expected to be paid on September 12th, representing an annualized yield of 1.4%.

Alliancebernstein L.P. lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 18.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,105,767 shares of the electronics maker's stock after selling 258,438 shares during the quarter. Alliancebernstein L.P. owned approximately 0.37% of TE Connectivity worth $156,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the 4th quarter worth about $820,000. Aptus Capital Advisors LLC boosted its position in TE Connectivity by 47.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,910 shares of the electronics maker's stock valued at $416,000 after acquiring an additional 938 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of TE Connectivity by 150.0% during the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock worth $71,000 after acquiring an additional 300 shares during the period. Benjamin Edwards Inc. raised its position in shares of TE Connectivity by 113.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,648 shares of the electronics maker's stock worth $665,000 after acquiring an additional 2,469 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of TE Connectivity by 184.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 17,992 shares of the electronics maker's stock valued at $2,572,000 after purchasing an additional 11,664 shares during the period. Institutional investors own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TEL. Robert W. Baird set a $232.00 price target on TE Connectivity in a research note on Wednesday. Wall Street Zen downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. Citigroup increased their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. Finally, Truist Financial raised their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. One equities research 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. According to data from MarketBeat, TE Connectivity presently has a consensus rating of "Moderate Buy" and an average target price of $199.55.

TE Connectivity Stock Up 0.0%

Shares of TEL traded up $0.05 on Friday, hitting $208.59. 1,047,869 shares of the stock traded hands, compared to its average volume of 1,485,586. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The company has a market capitalization of $61.64 billion, a PE ratio of 43.19, a P/E/G ratio of 2.48 and a beta of 1.23. The business has a 50 day simple moving average of $194.59 and a 200 day simple moving average of $165.56. 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 (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm 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 fiscal year.

TE Connectivity Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company's stock, valued at $977,155.20. This trade represents a 29.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the sale, the insider owned 23,667 shares of the company's stock, valued at $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock worth $27,267,158 in the last 90 days. Corporate insiders own 0.90% of the company's stock.

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.