Kera Capital Partners Inc. Invests $351,000 in TE Connectivity Ltd. $TEL

Key Points

• Kera Capital Partners Inc. has invested $351,000 in TE Connectivity Ltd. by purchasing 2,081 shares, reflecting growing institutional interest in the company.
• TE Connectivity recently reported $2.27 earnings per share for the last quarter, surpassing analysts' expectations and demonstrating a 13.9% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.71 per share, with a dividend yield of 1.4% and a payout ratio of 58.80% as it continues to reward shareholders.

Kera Capital Partners Inc. purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,081 shares of the electronics maker's stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. Martingale Asset Management L P lifted its stake in shares of TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock worth $255,000 after acquiring an additional 63 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of TE Connectivity by 1.4% in the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock worth $703,000 after buying an additional 68 shares during the last quarter. Vista Investment Management raised its holdings in TE Connectivity by 0.5% in the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock valued at $1,891,000 after acquiring an additional 70 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in TE Connectivity by 2.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock valued at $534,000 after acquiring an additional 75 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in TE Connectivity by 4.3% during the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock worth $275,000 after acquiring an additional 80 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $209.71 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The firm has a market capitalization of $61.96 billion, a PE ratio of 43.42, a P/E/G ratio of 2.52 and a beta of 1.23. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $215.22. The business's fifty day moving average price is $198.35 and its two-hundred day moving average price is $167.52.

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 for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion for 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%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $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 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 annualized dividend and a dividend yield of 1.4%. TE Connectivity's payout ratio is currently 58.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group increased their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Evercore ISI lifted their target price on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Robert W. Baird set a $232.00 price objective on shares of TE Connectivity in a report on Wednesday, September 3rd. Finally, Truist Financial increased their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $199.55.

Insiders Place Their Bets

In other news, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the transaction, the senior vice president directly owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares of the company's stock, valued at $4,562,524.26. The trade was a 69.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.