Ascent Group LLC Acquires New Shares in TE Connectivity Ltd. $TEL

Key Points

• Ascent Group LLC has invested approximately $364,000 in TE Connectivity Ltd. by acquiring 2,577 shares during the first quarter.
• TE Connectivity's recent earnings report exceeded analysts' expectations, with an EPS of $2.27 for the quarter, up 13.9% year-over-year.
• The company has declared a quarterly dividend of $0.71 per share, with a dividend yield of 1.3%, to be paid on December 12th.

Ascent Group LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,577 shares of the electronics maker's stock, valued at approximately $364,000.

Other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in TE Connectivity by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after acquiring an additional 192 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in shares of TE Connectivity during the first quarter worth about $310,000. Assenagon Asset Management S.A. grew its holdings in TE Connectivity by 2.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock valued at $3,516,000 after buying an additional 511 shares in the last quarter. Brighton Jones LLC purchased a new position in TE Connectivity during the 4th quarter valued at approximately $820,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of TE Connectivity by 0.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 139,758 shares of the electronics maker's stock valued at $19,751,000 after purchasing an additional 760 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the business's 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 sale, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This trade represents a 29.20% 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 90 days. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

TEL has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Evercore ISI raised their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. KGI Securities upgraded TE Connectivity to a "hold" rating in a 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 note on Thursday, July 24th. Finally, Wells Fargo & Company boosted their target price on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.55.

TE Connectivity Stock Performance

Shares of TEL stock traded up $1.17 on Monday, hitting $210.99. The company had a trading volume of 1,183,955 shares, compared to its average volume of 1,812,573. The firm has a market cap of $62.34 billion, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 2.49 and a beta of 1.23. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $215.22. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $198.35 and a 200-day moving average price of $167.62.

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. The company had revenue of $4.53 billion during 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%.TE Connectivity's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter 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 research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

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

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.