Lansforsakringar Fondforvaltning AB publ Has $14.20 Million Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in TE Connectivity by 2.0%, now holding 100,446 shares valued at approximately $14.2 million.
• TE Connectivity reported a quarterly earnings per share (EPS) of $2.27, exceeding analyst estimates and marking a 13.9% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.71, with an ex-dividend date set for August 22nd, representing an annualized dividend yield of 1.4%.

Lansforsakringar Fondforvaltning AB publ decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 100,446 shares of the electronics maker's stock after selling 2,080 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in TE Connectivity were worth $14,195,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ieq Capital LLC grew its holdings in TE Connectivity by 101.6% in the 1st quarter. Ieq Capital LLC now owns 13,304 shares of the electronics maker's stock valued at $1,880,000 after buying an additional 6,705 shares during the last quarter. Ceredex Value Advisors LLC grew its holdings in TE Connectivity by 57.3% in the 1st quarter. Ceredex Value Advisors LLC now owns 226,850 shares of the electronics maker's stock valued at $32,058,000 after buying an additional 82,600 shares during the last quarter. South Plains Financial Inc. grew its holdings in TE Connectivity by 43.8% in the 1st quarter. South Plains Financial Inc. now owns 1,795 shares of the electronics maker's stock valued at $254,000 after buying an additional 547 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd grew its holdings in TE Connectivity by 43.9% in the 1st quarter. Taikang Asset Management Hong Kong Co Ltd now owns 46,775 shares of the electronics maker's stock valued at $6,610,000 after buying an additional 14,275 shares during the last quarter. Finally, ICONIQ Capital LLC acquired a new stake in TE Connectivity in the 1st quarter valued at approximately $257,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Wall Street Analyst Weigh In

TEL has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Robert W. Baird set a $232.00 price objective on TE Connectivity in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Evercore ISI lifted their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Truist Financial lifted their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $199.55.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on 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 of the company's stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the sale, the senior vice president directly owned 4,716 shares of the company's stock, valued at $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 137,645 shares of company stock worth $27,267,158. 0.90% of the stock is owned by company insiders.

TE Connectivity Price Performance

TEL traded up $0.71 during trading on Wednesday, hitting $205.27. The company's stock had a trading volume of 549,033 shares, compared to its average volume of 1,829,127. The firm's 50 day moving average price is $192.22 and its two-hundred day moving average price is $164.46. 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 12 month low of $116.30 and a 12 month high of $212.76. The stock has a market capitalization of $60.65 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $1.91 EPS. 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. Sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity's payout ratio is presently 58.80%.

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.