Gabelli Funds LLC Cuts Position in TE Connectivity Ltd. $TEL

Key Points

• Gabelli Funds LLC has reduced its stake in TE Connectivity by 9.1% in the first quarter, owning 118,500 shares worth approximately $16.75 million after the sale.
• TE Connectivity reported a 13.9% year-over-year increase in revenue, with earnings per share at $2.27, exceeding analysts' expectations of $2.08.
• The company declared a quarterly dividend of $0.71, representing an annualized yield of 1.4%, with a payout ratio of 58.80%.

Gabelli Funds LLC decreased its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,500 shares of the electronics maker's stock after selling 11,900 shares during the quarter. Gabelli Funds LLC's holdings in TE Connectivity were worth $16,746,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TEL. Brighton Jones LLC purchased a new position in TE Connectivity in the fourth quarter worth $820,000. MGO One Seven LLC raised its position in TE Connectivity by 62.5% in the fourth quarter. MGO One Seven LLC now owns 2,419 shares of the electronics maker's stock worth $346,000 after acquiring an additional 930 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in TE Connectivity by 5.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,742 shares of the electronics maker's stock valued at $678,000 after purchasing an additional 238 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in TE Connectivity in the fourth quarter valued at $441,000. Finally, Optiver Holding B.V. acquired a new stake in TE Connectivity in the fourth quarter valued at $132,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Up 1.0%

TEL opened at $207.19 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The firm has a market cap of $61.22 billion, a P/E ratio of 42.90, a PEG ratio of 2.44 and a beta of 1.23. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $212.76. The business's fifty day simple moving average is $188.02 and its 200 day simple moving average is $162.50.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.91 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts anticipate 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. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a 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 TE Connectivity news, 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 of the company's stock, valued at approximately $4,130,963.28. This trade represents a 49.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of the firm'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 sale, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,795 shares of company stock valued at $26,401,597 in the last quarter. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several research reports. Wells Fargo & Company upped their target price on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Truist Financial upped their target price on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Robert W. Baird upped their target price on TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised TE Connectivity from a "buy" rating to a "strong-buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $197.55.

TE Connectivity 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.

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