LFL Advisers LLC Sells 6,370 Shares of TE Connectivity Ltd. $TEL

Key Points

• LFL Advisers LLC reduced its stake in TE Connectivity by 2.6% in the first quarter, holding approximately 241,036 shares, which represent 14.9% of its portfolio.
• Several analysts have upgraded TE Connectivity, increasing price targets significantly, with Citigroup raising its target from $200.00 to $230.00 and maintaining a "buy" rating.
• TE Connectivity recently declared a quarterly dividend of $0.71 per share, reflecting an annualized dividend yield of 1.4% and a payout ratio of 58.80%.

LFL Advisers LLC cut its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 241,036 shares of the electronics maker's stock after selling 6,370 shares during the quarter. TE Connectivity comprises 14.9% of LFL Advisers LLC's portfolio, making the stock its 2nd biggest position. LFL Advisers LLC owned about 0.08% of TE Connectivity worth $34,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of TE Connectivity by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock worth $2,479,000 after buying an additional 192 shares during the period. J. Safra Sarasin Holding AG boosted its position in shares of TE Connectivity by 128.4% in the fourth quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker's stock worth $2,219,000 after buying an additional 8,728 shares during the period. Beverly Hills Private Wealth LLC boosted its position in shares of TE Connectivity by 61.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock worth $1,587,000 after buying an additional 4,214 shares during the period. Ameriprise Financial Inc. boosted its position in shares of TE Connectivity by 11.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock worth $801,101,000 after buying an additional 592,072 shares during the period. Finally, Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth about $820,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the sale, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,795 shares of company stock valued at $26,401,597 over the last quarter. Company insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock traded down $0.6960 on Tuesday, reaching $203.0040. 1,118,639 shares of the company were exchanged, compared to its average volume of 2,080,977. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The company's 50-day moving average is $183.39 and its two-hundred day moving average is $160.20. The firm has a market cap of $59.98 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 2.42 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.

TE Connectivity (NYSE:TEL - Get Free Report) last announced 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 business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given 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 is Friday, August 22nd. TE Connectivity's dividend payout ratio is presently 58.80%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. 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. HSBC raised TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a report on Thursday, April 24th. Finally, KGI Securities raised TE Connectivity to a "hold" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.