Bahl & Gaynor Inc. Buys New Position in TE Connectivity Ltd. $TEL

Key Points

• Bahl & Gaynor Inc. has made a new investment of approximately $237,000 in TE Connectivity Ltd. by acquiring 1,677 shares of the company during the first quarter.
• Multiple hedge funds have increased their stakes in TE Connectivity, with institutional investors currently holding 91.43% of the company's stock.
• TE Connectivity reported strong quarterly earnings with $2.27 EPS, surpassing analysts' expectations by $0.19 and reflecting a 13.9% year-over-year revenue increase.

Bahl & Gaynor Inc. purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,677 shares of the electronics maker's stock, valued at approximately $237,000.

A number of other hedge funds also recently made changes to their positions in TEL. Costello Asset Management INC acquired a new stake in shares of TE Connectivity during the 1st quarter valued at about $28,000. Millstone Evans Group LLC bought a new stake in TE Connectivity in the first quarter valued at about $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in TE Connectivity in the first quarter valued at about $34,000. Dagco Inc. bought a new stake in TE Connectivity in the first quarter valued at about $35,000. Finally, North Capital Inc. bought a new stake in TE Connectivity in the first quarter valued at about $46,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Analysts Set New Price Targets

TEL has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. 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 note on Tuesday, August 12th. Bank of America increased their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Wells Fargo & Company increased their price objective 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. Finally, Robert W. Baird raised their target price on TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given 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 a consensus price target of $197.55.

TE Connectivity Price Performance

Shares of NYSE:TEL traded up $0.32 during midday trading on Thursday, reaching $207.89. The company's stock had a trading volume of 1,678,003 shares, compared to its average volume of 1,839,559. The business's fifty day simple moving average is $188.90 and its 200-day simple moving average is $162.81. The company has a market capitalization of $61.43 billion, a P/E ratio of 43.04, a P/E/G ratio of 2.46 and a beta of 1.23. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week 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.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is currently 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 stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is owned by company 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.