TE Connectivity Ltd. $TEL Shares Bought by Lbp Am Sa

Key Points

• Lbp Am Sa increased its stake in TE Connectivity Ltd. by 22.5% during the second quarter, owning 35,150 shares valued at approximately $5.93 million by the end of the reporting period.
• Institutional investors hold 91.43% of TE Connectivity's stock, with other major stakeholders including Vanguard Group and Dodge & Cox also increasing their shares significantly.
• TE Connectivity announced a quarterly dividend of $0.71 per share, with an annualized dividend yield of 1.3%, scheduled for payment on December 12th.

Lbp Am Sa raised its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 22.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,150 shares of the electronics maker's stock after purchasing an additional 6,446 shares during the period. Lbp Am Sa's holdings in TE Connectivity were worth $5,929,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in TE Connectivity by 17.0% in 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 purchasing an additional 5,502,415 shares during the last quarter. Dodge & Cox grew its holdings in TE Connectivity by 0.4% in the first quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock valued at $2,264,297,000 after purchasing an additional 56,871 shares during the last quarter. Wellington Management Group LLP grew its holdings in TE Connectivity by 17.2% in 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 purchasing an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. grew 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 purchasing an additional 960,276 shares during the last quarter. Finally, EdgePoint Investment Group Inc. lifted its position in shares of TE Connectivity by 5.8% in the first quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock valued at $580,609,000 after acquiring an additional 224,422 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TEL. KGI Securities upgraded TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Robert W. Baird set a $232.00 price objective on TE Connectivity in a research report on Wednesday, September 3rd. Truist Financial upped their price objective on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. The Goldman Sachs Group upped their price objective on TE Connectivity from $228.00 to $263.00 and gave the company a "buy" rating in a research report on Monday. Finally, Zacks Research downgraded TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $211.36.

TE Connectivity Stock Performance

NYSE TEL opened at $221.59 on Thursday. The business's 50-day moving average price is $208.32 and its 200 day moving average price is $173.51. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $222.01. The company has a market capitalization of $65.48 billion, a PE ratio of 45.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. 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 released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share 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 period in the prior year, the business posted $1.91 earnings per share. The firm'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, research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Insider Transactions at TE Connectivity

In other news, 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 transaction, the insider directly owned 25,976 shares in the company, valued at $5,272,868.24. This trade represents a 47.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by company insiders.

TE Connectivity Company Profile

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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