3,288 Shares in TE Connectivity Ltd. $TEL Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,288 shares of the electronics maker’s stock, valued at approximately $555,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its stake in TE Connectivity by 423.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 387 shares of the electronics maker’s stock worth $65,000 after purchasing an additional 313 shares in the last quarter. Czech National Bank lifted its position in TE Connectivity by 5.8% during the second quarter. Czech National Bank now owns 72,486 shares of the electronics maker’s stock valued at $12,226,000 after purchasing an additional 3,959 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of TE Connectivity by 4.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 44,175 shares of the electronics maker’s stock worth $7,451,000 after purchasing an additional 1,788 shares in the last quarter. Everpar Advisors LLC acquired a new position in TE Connectivity during the second quarter worth about $213,000. Finally, Atlas Brown Inc. acquired a new position in shares of TE Connectivity in the 2nd quarter worth approximately $202,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $216.12 on Friday. The stock’s 50-day simple moving average is $202.40 and its two-hundred day simple moving average is $169.70. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $218.76. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $63.86 billion, a P/E ratio of 44.75, a P/E/G ratio of 2.57 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.22% and a net margin of 8.78%.The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm 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. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio is currently 58.80%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 24,625 shares of the company’s stock, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the transaction, the insider directly owned 23,667 shares of the company’s stock, valued at $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,645 shares of company stock worth $27,267,158 in the last ninety days. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

TEL has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Evercore ISI boosted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. UBS Group boosted their price objective on TE Connectivity from $185.00 to $201.00 and gave the stock a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Robert W. Baird set a $232.00 price target on TE Connectivity in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.55.

About TE Connectivity

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.