Aptus Capital Advisors LLC Acquires 1,501 Shares of TE Connectivity Ltd. $TEL

Key Points

• Aptus Capital Advisors LLC increased its holdings in TE Connectivity by 51.6%, acquiring an additional 1,501 shares, bringing its total to 4,411 shares worth $623,000.
• TE Connectivity reported a quarterly EPS of $2.27, exceeding estimates, with a revenue of $4.53 billion, representing a 13.9% year-over-year increase.
• The company declared a quarterly dividend of $0.71 per share, reflecting an annualized dividend of $2.84 and a yield of 1.4%, with the ex-dividend date set for August 22nd.

Aptus Capital Advisors LLC raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 51.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,411 shares of the electronics maker's stock after acquiring an additional 1,501 shares during the quarter. Aptus Capital Advisors LLC's holdings in TE Connectivity were worth $623,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEL. Vanguard Group Inc. increased its stake in shares of TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after buying an additional 5,502,415 shares in the last quarter. Nuveen LLC acquired a new stake in shares of TE Connectivity in the first quarter valued at $174,700,000. Woodline Partners LP acquired a new stake in shares of TE Connectivity in the fourth quarter valued at $127,351,000. GAMMA Investing LLC increased its position in TE Connectivity by 21,927.9% in the first quarter. GAMMA Investing LLC now owns 703,350 shares of the electronics maker's stock worth $99,397,000 after purchasing an additional 700,157 shares during the period. Finally, Point72 Asset Management L.P. increased its position in TE Connectivity by 1,089.8% in the fourth quarter. Point72 Asset Management L.P. now owns 730,864 shares of the electronics maker's stock worth $104,492,000 after purchasing an additional 669,435 shares during the period. 91.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Robert W. Baird boosted their target price on TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Citigroup boosted their target price on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America boosted their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, KGI Securities upgraded TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $197.55.

TE Connectivity Stock Up 0.0%

NYSE:TEL traded up $0.0780 during trading hours on Monday, reaching $205.0780. 1,315,693 shares of the stock were exchanged, compared to its average volume of 1,840,633. 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 firm has a 50 day moving average of $186.36 and a 200 day moving average of $161.78. The stock has a market cap of $60.60 billion, a PE ratio of 42.46, a PEG ratio of 2.44 and a beta of 1.23.

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 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 during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm posted $1.91 EPS. The business's 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. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Malavika Sagar sold 1,945 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was 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 owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president directly owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is owned by corporate insiders.

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.