Ceredex Value Advisors LLC Has $32.06 Million Position in TE Connectivity Ltd. $TEL

Key Points

• Ceredex Value Advisors LLC increased its stake in TE Connectivity Ltd. by 57.3% in the first quarter, owning 226,850 shares worth approximately $32.06 million.
• Insiders at TE Connectivity have sold a significant amount of stock recently, with notable sales including Aaron Kyle Stucki selling 52,900 shares for over $10 million, representing a 69.09% decrease in his position.
• Wall Street analysts have raised their price targets for TE Connectivity, with Citigroup setting a new target of $230.00 and several firms maintaining buy ratings amidst positive earnings reports.

Ceredex Value Advisors LLC raised its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 57.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,850 shares of the electronics maker's stock after purchasing an additional 82,600 shares during the quarter. Ceredex Value Advisors LLC owned about 0.08% of TE Connectivity worth $32,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Costello Asset Management INC acquired a new position in shares of TE Connectivity during the first quarter valued at $28,000. Millstone Evans Group LLC bought a new position in TE Connectivity in the 1st quarter valued at about $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity during the 1st quarter valued at about $34,000. Dagco Inc. bought a new stake in shares of TE Connectivity during the 1st quarter worth about $35,000. Finally, North Capital Inc. acquired a new stake in shares of TE Connectivity in the 1st quarter worth approximately $46,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Up 0.2%

NYSE:TEL traded up $0.32 during trading hours on Thursday, hitting $207.89. 1,678,003 shares of the company's stock traded hands, compared to its average volume of 1,692,962. The stock's fifty day moving average price is $189.79 and its two-hundred day moving average price is $163.21. The firm has a market cap of $61.43 billion, a P/E ratio of 43.04, a P/E/G ratio of 2.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. The company 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 business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid 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 58.80%.

Insider Activity at TE Connectivity

In other news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity 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 completion of the sale, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider owned 25,976 shares in the company, valued at $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 quarter, insiders have sold 138,795 shares of company stock valued at $26,401,597. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. 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 report on Thursday, July 10th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Wall Street Zen upgraded TE Connectivity from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 23rd. Wells Fargo & Company lifted their target price on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Finally, UBS Group raised their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Monday, July 14th. 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $197.55.

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.