EdgePoint Investment Group Inc. lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,108,472 shares of the electronics maker's stock after buying an additional 224,422 shares during the period. TE Connectivity makes up 4.7% of EdgePoint Investment Group Inc.'s portfolio, making the stock its 9th biggest position. EdgePoint Investment Group Inc. owned about 1.39% of TE Connectivity worth $580,609,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after buying an additional 5,502,415 shares during the last quarter. Dodge & Cox boosted its position in shares of TE Connectivity by 0.4% during the first quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock valued at $2,264,297,000 after buying an additional 56,871 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of TE Connectivity by 17.2% during the first 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. lifted its holdings in TE Connectivity by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after acquiring an additional 960,276 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in TE Connectivity by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,273,022 shares of the electronics maker's stock valued at $462,564,000 after acquiring an additional 48,458 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Citigroup increased their target price on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group increased their target price on TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a report on Monday, July 14th. Evercore ISI increased their target price on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Truist Financial increased their target price on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Finally, KGI Securities raised TE Connectivity to a "hold" rating in a report on Thursday, July 24th. One equities research 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 company's stock. According to data from MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and an average price target of $199.55.
Get Our Latest Stock Report on TEL
Insiders Place Their Bets
In related news, 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 sale, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock worth $27,267,158 over the last quarter. Company insiders own 0.90% of the company's stock.
TE Connectivity Stock Up 0.5%
NYSE TEL opened at $205.57 on Thursday. The stock's 50-day moving average price is $192.97 and its 200-day moving average price is $164.74. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $212.76. The company has a market capitalization of $60.74 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $1.91 earnings per share. The business'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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is 58.80%.
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.
Further Reading
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).
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