Oliver Luxxe Assets LLC Makes New $4.86 Million Investment in TE Connectivity Ltd. $TEL

Key Points

• Oliver Luxxe Assets LLC has acquired 28,807 shares of TE Connectivity Ltd. for approximately $4.86 million, indicating institutional confidence in the company.
• Several analysts have adjusted their price targets for TE Connectivity, with JPMorgan, Truist Financial, and UBS Group raising their targets significantly, reflecting positive outlooks.
• The company's quarterly earnings report showed strong performance, with an EPS of $2.27 beating estimates, alongside plans to pay a quarterly dividend of $0.71 per share.

Oliver Luxxe Assets LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,807 shares of the electronics maker's stock, valued at approximately $4,859,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEL. Armstrong Advisory Group Inc. increased its position in shares of TE Connectivity by 150.5% during the second quarter. Armstrong Advisory Group Inc. now owns 556 shares of the electronics maker's stock worth $94,000 after acquiring an additional 334 shares during the last quarter. GAMMA Investing LLC increased its holdings in TE Connectivity by 3.6% in the second quarter. GAMMA Investing LLC now owns 5,158 shares of the electronics maker's stock valued at $870,000 after buying an additional 181 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in TE Connectivity by 10.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,329 shares of the electronics maker's stock valued at $562,000 after buying an additional 303 shares during the last quarter. Park Avenue Securities LLC increased its holdings in TE Connectivity by 109.3% in the second quarter. Park Avenue Securities LLC now owns 17,043 shares of the electronics maker's stock valued at $2,875,000 after buying an additional 8,901 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of TE Connectivity during the second quarter valued at approximately $215,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Activity at TE Connectivity

In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction 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. The trade was a 29.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,645 shares of company stock worth $27,267,158. Company insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TEL. Robert W. Baird set a $232.00 price objective on TE Connectivity in a research report on Wednesday, September 3rd. Citigroup increased their target price on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Wells Fargo & Company increased their target price on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $199.55.

TE Connectivity Stock Performance

TEL stock traded up $2.43 during trading on Monday, reaching $218.60. 1,019,912 shares of the stock were exchanged, compared to its average volume of 1,597,904. The company has a market capitalization of $64.59 billion, a P/E ratio of 45.26, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $218.76. The stock has a 50 day simple moving average of $203.25 and a 200-day simple moving average of $170.33.

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, beating analysts' consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's payout ratio is 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.