Kovitz Investment Group Partners LLC boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2,473.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 170,777 shares of the electronics maker's stock after acquiring an additional 164,141 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.06% of TE Connectivity worth $24,134,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after purchasing an additional 5,502,415 shares during the period. Ameriprise Financial Inc. increased its holdings in TE Connectivity by 11.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock valued at $801,101,000 after buying an additional 592,072 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in TE Connectivity by 15.3% in the fourth quarter. EdgePoint Investment Group Inc. now owns 3,884,050 shares of the electronics maker's stock worth $555,303,000 after acquiring an additional 516,400 shares during the period. Dimensional Fund Advisors LP raised its position in TE Connectivity by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,224,564 shares of the electronics maker's stock worth $461,013,000 after acquiring an additional 30,793 shares during the period. Finally, Northern Trust Corp raised its position in TE Connectivity by 29.3% in the fourth quarter. Northern Trust Corp now owns 2,691,050 shares of the electronics maker's stock worth $384,739,000 after acquiring an additional 610,571 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Price Performance
NYSE:TEL traded down $1.9430 during trading hours on Wednesday, reaching $201.4470. The stock had a trading volume of 2,272,976 shares, compared to its average volume of 1,988,361. The stock has a market capitalization of $59.52 billion, a PE ratio of 41.71, a PEG ratio of 2.42 and a beta of 1.23. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $212.76. The company has a 50 day moving average price of $184.83 and a two-hundred day moving average price of $160.78. 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 posted its earnings results 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. 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm posted $1.91 earnings per share. TE Connectivity'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, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's payout ratio is 58.80%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. UBS Group boosted their price target on TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a report on Monday, July 14th. Truist Financial raised their target price on shares of 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 upped their price target 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. Citigroup increased their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Bank of America lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $197.55.
Read Our Latest Analysis on TE Connectivity
Insider Buying and Selling at TE Connectivity
In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of the company'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 transaction of $403,004.00. Following the sale, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 of the company's stock, 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 a total of 138,795 shares of company stock valued at $26,401,597 over the last quarter. 0.90% of the stock is owned by corporate insiders.
About TE Connectivity
(
Free Report)
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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