Fox Run Management L.L.C. Purchases Shares of 1,862 TE Connectivity Ltd. $TEL

Key Points

• Fox Run Management L.L.C. has invested approximately $263,000 in TE Connectivity Ltd., acquiring 1,862 shares of the company.
• TE Connectivity reported a strong quarterly EPS of $2.27, exceeding expectations and marking a 13.9% increase year-over-year in revenue.
• The company announced a quarterly dividend of $0.71 per share, representing an annualized yield of 1.4%.

Fox Run Management L.L.C. bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,862 shares of the electronics maker's stock, valued at approximately $263,000.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC purchased a new position in TE Connectivity during the first quarter valued at approximately $28,000. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the 1st quarter valued at $32,000. Dagco Inc. purchased a new position in shares of TE Connectivity during the 1st quarter valued at $35,000. North Capital Inc. acquired a new position in shares of TE Connectivity in the first quarter worth $46,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of TE Connectivity during the first quarter worth $47,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

TEL traded up $0.0780 during midday trading on Monday, reaching $205.0780. The company's stock had a trading volume of 1,315,693 shares, compared to its average volume of 1,769,425. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $187.15 and a 200 day simple moving average of $162.19. The stock has a market cap of $60.60 billion, a P/E ratio of 42.46, a PEG ratio of 2.44 and a beta of 1.23. 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 issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS 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 analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

Wall Street Analysts Forecast Growth

TEL has been the topic of several research reports. Bank of America upped their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. Wall Street Zen raised shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research report on Saturday. KGI Securities raised shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Finally, Truist Financial raised their price target 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. One 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.com, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus price target of $197.55.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the transaction, the insider owned 25,976 shares of the company's stock, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $403,004.00. Following the sale, the senior vice president directly owned 4,716 shares in the company, 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. In the last quarter, insiders have sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is owned by company insiders.

TE Connectivity Company Profile

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.