Dodge & Cox Has $2.26 Billion Position in TE Connectivity Ltd. $TEL

Key Points

• Dodge & Cox has increased its stake in TE Connectivity Ltd. (NYSE: TEL) by 0.4%, holding 16,022,480 shares, valued at approximately $2.26 billion. This makes TE Connectivity the 29th largest holding in their portfolio.
• TE Connectivity's stock saw a 2.3% increase and reported $2.27 EPS for the recent quarter, exceeding estimates and showing a 13.9% year-over-year revenue growth.
• The company has declared a quarterly dividend of $0.71 per share, translating to an annualized dividend yield of 1.4%, with the ex-dividend date set for August 22nd.

Dodge & Cox increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,022,480 shares of the electronics maker's stock after buying an additional 56,871 shares during the period. TE Connectivity accounts for 1.3% of Dodge & Cox's portfolio, making the stock its 29th largest holding. Dodge & Cox owned 5.40% of TE Connectivity worth $2,264,297,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TEL. Brighton Jones LLC acquired a new position in TE Connectivity in the fourth quarter worth approximately $820,000. Jump Financial LLC acquired a new position in TE Connectivity in the fourth quarter worth approximately $325,000. MML Investors Services LLC grew its holdings in TE Connectivity by 5.7% during the fourth quarter. MML Investors Services LLC now owns 24,007 shares of the electronics maker's stock valued at $3,432,000 after purchasing an additional 1,285 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in TE Connectivity by 2.4% during the fourth quarter. OneDigital Investment Advisors LLC now owns 7,654 shares of the electronics maker's stock valued at $1,094,000 after purchasing an additional 178 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in TE Connectivity by 413.2% during the fourth quarter. Hsbc Holdings PLC now owns 257,988 shares of the electronics maker's stock valued at $36,965,000 after purchasing an additional 207,715 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Up 2.3%

TEL opened at $204.8070 on Friday. The stock has a market capitalization of $60.52 billion, a price-to-earnings ratio of 42.40, a P/E/G ratio of 2.38 and a beta of 1.23. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $212.76. The business has a 50 day moving average of $186.36 and a 200-day moving average of $161.57. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $4.30 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid 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%.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $4,130,963.28. The trade was a 49.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $10,198,062.00. Following the completion of the transaction, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,795 shares of company stock valued at $26,401,597. Company insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on TEL shares. Evercore ISI increased their price target on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. Citigroup increased their price target on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Friday, April 25th. Finally, UBS Group increased their price objective on 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.

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