Janney Montgomery Scott LLC grew its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 11.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,242 shares of the electronics maker's stock after buying an additional 18,110 shares during the period. Janney Montgomery Scott LLC owned 0.06% of TE Connectivity worth $30,233,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of TEL. Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at about $820,000. Rhumbline Advisers grew its holdings in shares of TE Connectivity by 0.4% in the first quarter. Rhumbline Advisers now owns 339,714 shares of the electronics maker's stock valued at $48,008,000 after purchasing an additional 1,346 shares during the period. Merit Financial Group LLC grew its holdings in shares of TE Connectivity by 175.2% in the first quarter. Merit Financial Group LLC now owns 4,562 shares of the electronics maker's stock valued at $645,000 after purchasing an additional 2,904 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of TE Connectivity by 45.8% in the first quarter. ST Germain D J Co. Inc. now owns 1,057 shares of the electronics maker's stock valued at $149,000 after purchasing an additional 332 shares during the period. Finally, Naples Global Advisors LLC grew its holdings in shares of TE Connectivity by 10.7% in the first quarter. Naples Global Advisors LLC now owns 15,559 shares of the electronics maker's stock valued at $2,199,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.
Wall Street Analysts Forecast Growth
TEL has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Wells Fargo & Company increased their target price on shares of TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. Zacks Research lowered shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. UBS Group increased their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Bank of America increased their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and an average target price of $211.36.
Get Our Latest Research Report on TEL
Insider Activity
In related news, insider Aaron Kyle Stucki sold 52,900 shares of the firm's 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 owned 23,667 shares of the company's stock, valued at $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the sale, the senior vice president directly 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. Insiders sold 124,545 shares of company stock worth $25,040,158 in the last ninety days. 0.90% of the stock is owned by insiders.
TE Connectivity Trading Up 0.9%
NYSE TEL opened at $221.59 on Thursday. The firm has a 50 day simple moving average of $208.32 and a 200-day simple moving average of $173.51. 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 one year low of $116.30 and a one year high of $222.01. The firm has a market cap of $65.48 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 2.61 and a beta of 1.26.
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, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $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. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. 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.
See Also
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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