Foster & Motley Inc. lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 34.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,061 shares of the electronics maker's stock after purchasing an additional 8,216 shares during the quarter. Foster & Motley Inc.'s holdings in TE Connectivity were worth $5,408,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of TE Connectivity by 17.0% during 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 last quarter. Dodge & Cox increased its stake in shares of TE Connectivity by 0.4% during the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after purchasing an additional 56,871 shares during the last quarter. Wellington Management Group LLP grew its stake in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after buying an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. grew its stake in TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after buying an additional 960,276 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in TE Connectivity by 5.8% in the 1st quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock valued at $580,609,000 after buying an additional 224,422 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.
TE Connectivity Stock Performance
NYSE TEL opened at $223.33 on Friday. The company's fifty day moving average is $212.45 and its two-hundred day moving average is $179.75. The firm has a market capitalization of $65.99 billion, a price-to-earnings ratio of 46.24, a P/E/G ratio of 2.42 and a beta of 1.26. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $226.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on TEL. Zacks Research lowered shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Robert W. Baird raised their target price on shares of TE Connectivity from $222.00 to $238.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Bank of America raised 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. Finally, Truist Financial raised their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $219.92.
Read Our Latest Research Report on TE Connectivity
Insider Activity
In related news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction 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. This trade represents a 69.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares of the company's stock, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,545 shares of company stock valued at $25,040,158. Company insiders own 0.90% of the company's stock.
TE Connectivity Profile
(
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.
Read More
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.
Before you consider TE Connectivity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TE Connectivity wasn't on the list.
While TE Connectivity currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
