Sepio Capital LP Boosts Stake in TE Connectivity Ltd. $TEL

Key Points

• Sepio Capital LP increased its holdings in TE Connectivity Ltd. by 28.2% in Q1, acquiring an additional 3,205 shares, bringing its total to 14,577 shares valued at approximately $2,060,000.
• Brokerages have raised their target prices on TE Connectivity, with UBS Group setting a new target of $201 and Wells Fargo increasing theirs to $198, while maintaining diverse ratings among analysts.
• TE Connectivity recently declared a quarterly dividend of $0.71 per share, representing an annualized yield of 1.4%, with a payout ratio of 58.80%.

Sepio Capital LP increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 28.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,577 shares of the electronics maker's stock after purchasing an additional 3,205 shares during the quarter. Sepio Capital LP's holdings in TE Connectivity were worth $2,060,000 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 purchased a new position in shares of TE Connectivity in the first quarter valued at $28,000. Millstone Evans Group LLC purchased a new stake in shares of TE Connectivity in the first quarter worth $32,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of TE Connectivity in the first quarter worth $34,000. Dagco Inc. purchased a new stake in shares of TE Connectivity in the first quarter worth $35,000. Finally, North Capital Inc. purchased a new stake in shares of TE Connectivity in the first quarter worth $46,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the transaction, the senior vice president directly owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock valued at $27,267,158 over the last three months. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TEL. Wells Fargo & Company increased their price objective on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Truist Financial increased their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Citigroup upped their price objective on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Evercore ISI raised their price objective on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $199.55.

TE Connectivity Trading Down 1.1%

Shares of NYSE:TEL traded down $2.27 on Friday, reaching $210.13. 396,853 shares of the company traded hands, compared to its average volume of 1,809,260. The business's 50-day simple moving average is $197.64 and its 200 day simple moving average is $167.01. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $215.22. The stock has a market capitalization of $62.09 billion, a P/E ratio of 43.51, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (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 analysts' expectations of $4.30 billion. During the same period last year, the firm earned $1.91 earnings per share. The company'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. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) 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.