Dimensional Fund Advisors LP Purchases 48,458 Shares of TE Connectivity Ltd. $TEL

Key Points

• Dimensional Fund Advisors LP increased its stake in TE Connectivity Ltd. by 1.5%, owning over 3.27 million shares valued at approximately $462.56 million as of the latest SEC filing.
• TE Connectivity recently reported earnings exceeding analysts' expectations, with earnings per share of $2.27 compared to a consensus estimate of $2.08, and revenues of $4.53 billion for the quarter.
• The company announced a quarterly dividend of $0.71 per share, representing an annualized yield of 1.4%, with the payment scheduled for September 12th to shareholders of record as of August 22nd.

Dimensional Fund Advisors LP raised its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,273,022 shares of the electronics maker's stock after buying an additional 48,458 shares during the quarter. Dimensional Fund Advisors LP owned 1.10% of TE Connectivity worth $462,564,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Horizon Investments LLC lifted its position in shares of TE Connectivity by 52.6% in the first quarter. Horizon Investments LLC now owns 13,821 shares of the electronics maker's stock worth $1,953,000 after purchasing an additional 4,764 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of TE Connectivity in the first quarter worth approximately $263,000. Kovitz Investment Group Partners LLC lifted its position in shares of TE Connectivity by 2,473.5% in the first quarter. Kovitz Investment Group Partners LLC now owns 170,777 shares of the electronics maker's stock worth $24,134,000 after purchasing an additional 164,141 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of TE Connectivity by 103.2% in the first quarter. Vestmark Advisory Solutions Inc. now owns 40,698 shares of the electronics maker's stock worth $5,751,000 after purchasing an additional 20,669 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its position in shares of TE Connectivity by 3.1% in the first quarter. Sit Investment Associates Inc. now owns 98,149 shares of the electronics maker's stock worth $13,870,000 after purchasing an additional 2,977 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. UBS Group lifted their price target 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. Bank of America lifted their price target 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. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $197.55.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the transaction, the insider owned 25,976 shares in the company, valued at $4,130,963.28. This represents a 49.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,795 shares of company stock worth $26,401,597 in the last 90 days. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Price Performance

Shares of NYSE:TEL traded down $1.5190 on Wednesday, hitting $201.8710. The stock had a trading volume of 1,344,027 shares, compared to its average volume of 1,838,995. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76. 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 firm's 50 day moving average price is $184.12 and its 200-day moving average price is $160.49. The company has a market capitalization of $59.65 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 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 the consensus estimate of $4.30 billion. During the same quarter in the previous 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. On average, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio is 58.80%.

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.