AQR Capital Management LLC Purchases 39,187 Shares of TE Connectivity Ltd. $TEL

Key Points

• AQR Capital Management LLC increased its stake in TE Connectivity Ltd. by 7.4%, purchasing an additional 39,187 shares, bringing their total ownership to about 0.19% valued at approximately $80.79 million.
• Insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity, representing a 47.87% decrease in his position, while the company's overall insider selling in the last ninety days reached 137,645 shares valued at $27.27 million.
• TE Connectivity announced a quarterly dividend of $0.71 per share with a payout ratio of 58.80%, and its stock has a current average target price of $199.55 from analysts.

AQR Capital Management LLC boosted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572,105 shares of the electronics maker's stock after buying an additional 39,187 shares during the period. AQR Capital Management LLC owned approximately 0.19% of TE Connectivity worth $80,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Costello Asset Management INC acquired a new position in TE Connectivity in the first quarter valued at $28,000. Millstone Evans Group LLC acquired a new position in TE Connectivity in the first quarter valued at $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity in the first quarter valued at $34,000. Dagco Inc. acquired a new position in TE Connectivity in the first quarter valued at $35,000. Finally, North Capital Inc. acquired a new position in TE Connectivity in the first quarter valued at $46,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction dated 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 directly owned 23,667 shares of the company's stock, valued at $4,562,524.26. The trade was 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 137,645 shares of company stock valued at $27,267,158 in the last three months. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Up 0.3%

TEL traded up $0.70 during midday trading on Tuesday, reaching $208.57. 1,117,156 shares of the company were exchanged, compared to its average volume of 1,820,227. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The company's fifty day moving average price is $195.36 and its 200 day moving average price is $166.00. The company has a market cap of $61.63 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.TE Connectivity's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Bank of America upped their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Truist Financial upped their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $199.55.

TE Connectivity 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.