Foresight Group Ltd Liability Partnership acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 226,316 shares of the electronics maker's stock, valued at approximately $31,983,000. TE Connectivity makes up 4.6% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 3rd largest holding. Foresight Group Ltd Liability Partnership owned approximately 0.08% of TE Connectivity at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in TE Connectivity during the 4th quarter worth approximately $820,000. EP Wealth Advisors LLC grew its holdings in TE Connectivity by 5.4% during the 4th quarter. EP Wealth Advisors LLC now owns 1,939 shares of the electronics maker's stock worth $277,000 after acquiring an additional 99 shares in the last quarter. Focus Partners Wealth grew its holdings in TE Connectivity by 4.5% during the 4th quarter. Focus Partners Wealth now owns 46,676 shares of the electronics maker's stock worth $6,673,000 after acquiring an additional 2,028 shares in the last quarter. Graham Capital Management L.P. grew its holdings in TE Connectivity by 57.1% during the 4th quarter. Graham Capital Management L.P. now owns 5,729 shares of the electronics maker's stock worth $819,000 after acquiring an additional 2,082 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in TE Connectivity by 4.9% during the 4th quarter. Lazard Asset Management LLC now owns 163,593 shares of the electronics maker's stock worth $23,388,000 after acquiring an additional 7,656 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.
TE Connectivity Stock Performance
NYSE:TEL traded down $2.69 during trading hours on Friday, reaching $209.71. 1,576,714 shares of the company's stock were exchanged, compared to its average volume of 1,478,832. The firm has a market capitalization of $61.96 billion, a price-to-earnings ratio of 43.42, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a 50-day moving average of $198.35 and a 200 day moving average of $167.52. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $215.22.
TE Connectivity (NYSE:TEL - Get Free Report) last issued 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 firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. 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 business earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Dividend Announcement
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 given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity's dividend payout ratio is presently 58.80%.
Analyst Upgrades and Downgrades
Several research firms have commented on TEL. Bank of America boosted their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their target price 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. Truist Financial upped their target price 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. Citigroup upped 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. Finally, KGI Securities upgraded shares of TE Connectivity to 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 issued a Hold rating to the company's stock. According to data from MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and a consensus target price of $199.55.
Read Our Latest Analysis on TE Connectivity
Insider Activity
In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction on 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 transaction, the insider owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,645 shares of company stock worth $27,267,158 in the last 90 days. Corporate insiders own 0.90% of the company's stock.
About TE Connectivity
(
Free Report)
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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