Apollon Wealth Management LLC Grows Stock Holdings in TE Connectivity Ltd. $TEL

Key Points

• Apollon Wealth Management LLC increased its stake in TE Connectivity Ltd. by 46.2% during Q2, now holding 7,732 shares valued at approximately $1.3 million.
• TE Connectivity reported earnings per share (EPS) of $2.27, surpassing estimates, with a quarterly revenue of $4.53 billion, up 13.9% year-over-year.
• The company declared a quarterly dividend of $0.71 to be paid on December 12, indicating a dividend yield of 1.3% and a payout ratio of 58.80%.

Apollon Wealth Management LLC grew its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 46.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,732 shares of the electronics maker's stock after purchasing an additional 2,442 shares during the quarter. Apollon Wealth Management LLC's holdings in TE Connectivity were worth $1,304,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in TE Connectivity in the 2nd quarter worth approximately $33,000. Costello Asset Management INC purchased a new position in TE Connectivity in the 1st quarter worth approximately $28,000. Millstone Evans Group LLC purchased a new position in TE Connectivity in the 1st quarter worth approximately $32,000. Ransom Advisory Ltd purchased a new stake in shares of TE Connectivity during the 1st quarter valued at approximately $34,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity in the first quarter valued at approximately $34,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 0.6%

Shares of NYSE TEL opened at $220.74 on Wednesday. The firm has a market cap of $65.22 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 2.37 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $226.40. The business's 50 day moving average is $211.10 and its two-hundred day moving average is $178.31.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The company 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 quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

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

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction on 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 owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. KGI Securities upgraded TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Truist Financial increased their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Evercore ISI increased their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Finally, Zacks Research lowered TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus price target of $219.92.

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.

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