Ninety One UK Ltd Lowers Position in TE Connectivity Ltd. $TEL

Key Points

• Ninety One UK Ltd has reduced its holdings in TE Connectivity by 7.1%, now owning approximately 0.24% of the company, valued at around $119 million.
• TE Connectivity recently reported an earnings per share of $2.27, surpassing analyst expectations and indicating a 13.9% revenue increase compared to the same quarter last year.
• The company's quarterly dividend of $0.71 will be payable on December 12th, representing an annualized yield of 1.3%.

Ninety One UK Ltd cut its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 709,747 shares of the electronics maker's stock after selling 54,534 shares during the quarter. Ninety One UK Ltd owned approximately 0.24% of TE Connectivity worth $119,713,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after acquiring an additional 5,502,415 shares during the period. Dodge & Cox lifted its position in shares of TE Connectivity by 0.4% during the first quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock valued at $2,264,297,000 after buying an additional 56,871 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of TE Connectivity by 17.2% during the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after buying an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of TE Connectivity by 17.1% during the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after buying an additional 960,276 shares during the last quarter. Finally, EdgePoint Investment Group Inc. lifted its position in shares of TE Connectivity by 5.8% during the first quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock valued at $580,609,000 after buying an additional 224,422 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

TE Connectivity stock opened at $219.56 on Wednesday. The company's fifty day moving average price is $207.93 and its 200 day moving average price is $173.18. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $221.00. The stock has a market capitalization of $64.88 billion, a P/E ratio of 45.46, a P/E/G ratio of 2.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the company earned $1.91 EPS. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. 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 earnings per share for the current fiscal 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 paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TEL shares. JPMorgan Chase & Co. increased their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Bank of America increased their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group increased their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a "buy" rating in a research report on Monday. UBS Group increased their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. One equities research 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 stock. According to data from MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and a consensus target price of $211.36.

Insider Activity at TE Connectivity

In related news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction 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 sale, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the transaction, the insider owned 23,667 shares in the company, 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. Insiders sold a total of 124,545 shares of company stock worth $25,040,158 over the last 90 days. 0.90% of the stock is owned by 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.

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