Concurrent Investment Advisors LLC Boosts Stake in TE Connectivity Ltd. $TEL

Concurrent Investment Advisors LLC raised its holdings in TE Connectivity Ltd. (NYSE:TELFree Report) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,339 shares of the electronics maker’s stock after acquiring an additional 308 shares during the period. Concurrent Investment Advisors LLC’s holdings in TE Connectivity were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TEL. Vanguard Group Inc. raised its stake 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 in the last quarter. Dodge & Cox increased its holdings in shares of TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker’s stock worth $2,264,297,000 after buying an additional 56,871 shares during the last quarter. Wellington Management Group LLP raised its position in shares of TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock valued at $1,054,133,000 after buying an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after acquiring an additional 960,276 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its position in 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 worth $580,609,000 after acquiring an additional 224,422 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL stock opened at $223.33 on Friday. The company has a market capitalization of $65.99 billion, a P/E ratio of 46.24, a PEG ratio of 2.41 and a beta of 1.26. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $226.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The stock has a 50 day moving average price of $212.45 and a two-hundred day moving average price of $180.01.

TE Connectivity (NYSE:TELGet Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the business earned $1.91 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.71 per share. 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 is currently 58.80%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TEL. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Evercore ISI upped their target price on TE Connectivity from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. UBS Group lifted their price target on shares of TE Connectivity from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $219.92.

Read Our Latest Research Report on TE Connectivity

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the transaction, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. The trade was a 65.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock valued at $25,040,158 over the last three months. Company insiders own 0.90% of the company’s stock.

TE Connectivity Profile

(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

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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