TE Connectivity Ltd. $TEL Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC has reduced its stake in TE Connectivity by 31.2%, resulting in ownership of 30,587 shares valued at approximately $4.32 million, according to its recent SEC filing.
• TE Connectivity reported a quarterly earnings of $2.27 per share, exceeding analysts' estimates of $2.08, alongside a revenue of $4.53 billion for the quarter.
• The company declared a quarterly dividend of $0.71, set to be paid on December 12th, with an annualized yield of 1.4% and a payout ratio of 58.80%.

Empowered Funds LLC lowered its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 31.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,587 shares of the electronics maker's stock after selling 13,881 shares during the period. Empowered Funds LLC's holdings in TE Connectivity were worth $4,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Martingale Asset Management L P grew its position in shares of TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock valued at $255,000 after purchasing an additional 63 shares during the period. Ballentine Partners LLC increased its holdings in shares of TE Connectivity by 1.4% during the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock worth $703,000 after buying an additional 68 shares during the last quarter. Vista Investment Management increased its holdings in shares of TE Connectivity by 0.5% during the 4th quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock worth $1,891,000 after buying an additional 70 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of TE Connectivity by 2.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock worth $534,000 after buying an additional 75 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of TE Connectivity by 4.3% during the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock worth $275,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Up 0.6%

TE Connectivity stock traded up $1.17 during midday trading on Monday, hitting $210.99. The stock had a trading volume of 1,183,955 shares, compared to its average volume of 1,464,158. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The stock has a market cap of $62.34 billion, a P/E ratio of 43.68, a P/E/G ratio of 2.49 and a beta of 1.23. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $215.22. The business has a fifty day moving average price of $199.15 and a 200 day moving average price of $168.02.

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 for the quarter, beating the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.TE Connectivity's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently disclosed 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. 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 payout ratio is currently 58.80%.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president directly owned 24,625 shares in the company, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders have sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Citigroup lifted their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Evercore ISI lifted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Finally, Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.

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.