Empowered Funds LLC Boosts Holdings in TE Connectivity Ltd. $TEL

Empowered Funds LLC lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 108.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,460 shares of the electronics maker’s stock after buying an additional 50,111 shares during the quarter. Empowered Funds LLC’s holdings in TE Connectivity were worth $19,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TEL. Gulf International Bank UK Ltd boosted its holdings in TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after acquiring an additional 44 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of TE Connectivity by 14.1% during the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares during the period. CYBER HORNET ETFs LLC increased its position in TE Connectivity by 5.6% during the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 47 shares in the last quarter. Harbour Investments Inc. lifted its position in TE Connectivity by 4.2% during the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock valued at $271,000 after buying an additional 48 shares in the last quarter. Finally, Security National Bank of SO Dak increased its position in shares of TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after acquiring an additional 50 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $202.79 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $58.71 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The business has a 50 day simple moving average of $205.23 and a 200-day simple moving average of $211.60.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 30.59%.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research reports. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Robert W. Baird cut their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Wells Fargo & Company decreased their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. UBS Group reiterated a “buy” rating and set a $241.00 target price on shares of TE Connectivity in a report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.15.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

TE Connectivity Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.