Horizon Investments LLC Acquires 4,764 Shares of TE Connectivity Ltd. $TEL

Key Points

• Horizon Investments LLC increased its holdings in TE Connectivity by 52.6% in Q1, owning 13,821 shares worth approximately $1.95 million following the purchase of an additional 4,764 shares.
• TE Connectivity reported earnings per share (EPS) of $2.27 for the last quarter, exceeding analysts' expectations of $2.08, with a year-over-year revenue increase of 13.9%.
• The company will pay a quarterly dividend of $0.71 per share on September 12th, yielding 1.4%, with a payout ratio of 58.80%.

Horizon Investments LLC raised its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 52.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,821 shares of the electronics maker's stock after buying an additional 4,764 shares during the quarter. Horizon Investments LLC's holdings in TE Connectivity were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in TE Connectivity in the first quarter valued at $28,000. Millstone Evans Group LLC purchased a new position in TE Connectivity during the first quarter worth about $32,000. Dagco Inc. purchased a new position in shares of TE Connectivity in the 1st quarter worth about $35,000. North Capital Inc. purchased a new position in shares of TE Connectivity in the 1st quarter worth about $46,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of TE Connectivity during the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 0.3%

Shares of TEL stock traded down $0.6960 on Tuesday, reaching $203.0040. 1,118,639 shares of the company's stock traded hands, compared to its average volume of 1,842,400. The business's 50 day moving average price is $183.39 and its two-hundred day moving average price is $160.20. 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 Ltd. has a 12-month low of $116.30 and a 12-month high of $212.76. The company has a market capitalization of $59.98 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 2.41 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 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 for 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 business's quarterly 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. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.4%. TE Connectivity's dividend payout ratio is 58.80%.

Wall Street Analysts Forecast Growth

TEL has been the topic of several analyst reports. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Robert W. Baird lifted their target price on TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Citigroup boosted their price objective on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. 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's stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and an average price target of $197.55.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at $4,130,963.28. This represents a 49.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,795 shares of company stock valued at $26,401,597 in the last 90 days. Insiders own 0.90% of the company's stock.

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.