Sowell Financial Services LLC Acquires New Shares in TE Connectivity Ltd. $TEL

Key Points

• Sowell Financial Services LLC has acquired a new stake in TE Connectivity Ltd., purchasing 1,272 shares valued at approximately $215,000 in the second quarter.
• TE Connectivity recently reported strong earnings, with an EPS of $2.27 for the quarter, exceeding analysts' expectations, and revenue of $4.53 billion, reflecting a 13.9% year-over-year increase.
• The company declared a quarterly dividend of $0.71 per share, which is set to be paid on December 12th, representing an annualized yield of 1.3%.

Sowell Financial Services LLC acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,272 shares of the electronics maker's stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 valued at $5,353,401,000 after purchasing an additional 5,502,415 shares during the last quarter. Nuveen LLC purchased a new position in TE Connectivity in the first quarter valued at about $174,700,000. Wellington Management Group LLP grew its stake in TE Connectivity by 17.2% in 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 purchasing an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. grew its stake in TE Connectivity by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after purchasing an additional 960,276 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in TE Connectivity by 21,927.9% in the first quarter. GAMMA Investing LLC now owns 703,350 shares of the electronics maker's stock valued at $99,397,000 after purchasing an additional 700,157 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Trading Up 1.3%

TE Connectivity stock opened at $217.16 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $221.00. The company has a market capitalization of $64.17 billion, a price-to-earnings ratio of 44.96, a price-to-earnings-growth ratio of 2.55 and a beta of 1.23. The stock has a 50-day moving average price of $206.40 and a 200 day moving average price of $171.94.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company's revenue 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. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued 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 payout ratio is presently 58.80%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup lifted their target price on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial boosted their price target on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company boosted their price target on TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Thursday. Evercore ISI boosted their price target on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" 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 assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.91.

Insider Buying and Selling

In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president directly owned 4,716 shares of the company's stock, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,545 shares of company stock valued at $25,040,158. Insiders own 0.90% of the company's stock.

TE Connectivity 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.

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.