Trilogy Capital Inc. acquired a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,432 shares of the electronics maker's stock, valued at approximately $242,000.
A number of other hedge funds have also made changes to their positions in the company. Costello Asset Management INC acquired a new position in TE Connectivity in the 1st quarter valued at $28,000. Millstone Evans Group LLC purchased a new stake in shares of TE Connectivity during the first quarter worth $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TE Connectivity in the first quarter valued at about $34,000. Ransom Advisory Ltd purchased a new position in shares of TE Connectivity in the first quarter worth about $34,000. Finally, Dagco Inc. acquired a new position in TE Connectivity during the first quarter worth about $35,000. Institutional investors and hedge funds own 91.43% of the company's stock.
TE Connectivity Stock Down 0.3%
Shares of TEL opened at $221.11 on Friday. The company's 50-day moving average price is $208.64 and its 200 day moving average price is $174.03. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $223.75. 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 firm has a market cap of $65.33 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26.
TE Connectivity (NYSE:TEL - Get Free Report) last announced 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. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. TE Connectivity's revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity's payout ratio is presently 58.80%.
Analysts Set New Price Targets
TEL has been the topic of a number of research reports. Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. The Goldman Sachs Group lifted their price objective on TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a research report on Monday. Citigroup upped their target price on TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Robert W. Baird set a $232.00 price objective on shares of TE Connectivity in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and a consensus price target of $211.36.
Read Our Latest Report on TE Connectivity
Insider Transactions at TE Connectivity
In other news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction on 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 sale, the senior vice president directly owned 4,716 shares of the company's stock, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction 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 completion of the sale, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. Corporate insiders own 0.90% of the company's stock.
TE Connectivity Company Profile
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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.
Further Reading
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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