Naples Global Advisors LLC Increases Position in TE Connectivity Ltd. $TEL

Key Points

• Naples Global Advisors LLC increased its stake in TE Connectivity Ltd. by 11.3%, bringing its total holdings to 17,319 shares valued at approximately $2.9 million.
• Insider John S. Jenkins sold 45,850 shares of TE Connectivity, representing a 65.06% decrease in his ownership, amidst a broader trend of insider selling with over 124,500 shares sold in the last ninety days.
• TE Connectivity reported Q3 earnings per share (EPS) of $2.27, surpassing estimates, and announced a quarterly dividend of $0.71 per share, reflecting a 1.3% yield.

Naples Global Advisors LLC increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 11.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,319 shares of the electronics maker's stock after acquiring an additional 1,760 shares during the period. Naples Global Advisors LLC's holdings in TE Connectivity were worth $2,921,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in TE Connectivity in the first quarter worth $28,000. Millstone Evans Group LLC bought a new stake in TE Connectivity in the first quarter worth $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in TE Connectivity in the first quarter worth $34,000. Ransom Advisory Ltd bought a new stake in TE Connectivity in the first quarter worth $34,000. Finally, Dagco Inc. bought a new stake in TE Connectivity in the first quarter worth $35,000. 91.43% of the stock is owned by institutional investors.

Insider Activity at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock worth $25,040,158 over the last ninety days. Corporate insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup boosted their price target on shares of TE Connectivity from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Zacks Research downgraded shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Bank of America upped their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. UBS Group upped their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, KGI Securities raised shares of TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $211.36.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $221.59 on Thursday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $222.01. 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 company's 50-day moving average is $208.32 and its 200 day moving average is $173.51. The stock has a market capitalization of $65.48 billion, a P/E ratio of 45.88, a P/E/G ratio of 2.61 and a beta of 1.26.

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 (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the company earned $1.91 earnings per share. TE Connectivity'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. On average, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors 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 1.3%. TE Connectivity's payout ratio is currently 58.80%.

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.

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