TE Connectivity Ltd. $TEL Holdings Cut by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its holdings in TE Connectivity Ltd. by 0.8%, resulting in ownership of approximately 1.61 million shares valued at $227.8 million.
• Multiple hedge funds increased their stakes in TE Connectivity during the first quarter, with new investments ranging from $28,000 to $46,000, indicating continued interest from institutional investors who own 91.43% of the company's stock.
• TE Connectivity announced a $0.71 quarterly dividend with a yield of 1.4%, set to be paid on September 12th, reflecting a payout ratio of 58.80%.

Hotchkis & Wiley Capital Management LLC lowered its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,612,071 shares of the electronics maker's stock after selling 13,406 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.54% of TE Connectivity worth $227,818,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $34,000. Dagco Inc. bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $35,000. Finally, North Capital Inc. bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $46,000. Institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TEL shares. Bank of America lifted their price target on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wells Fargo & Company boosted their target price on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Truist Financial boosted their target price on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. UBS Group boosted their target price on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $197.55.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction that occurred 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 transaction, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity 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 completion of 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. In the last ninety days, insiders have sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Trading Up 2.3%

TE Connectivity stock opened at $204.8070 on Friday. 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 has a market cap of $60.52 billion, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $212.76. The firm's 50 day moving average price is $186.36 and its two-hundred day moving average price is $161.57.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

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

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