Foresight Group Ltd Liability Partnership Buys Shares of 226,316 TE Connectivity Ltd. $TEL

Foresight Group Ltd Liability Partnership purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the first quarter, HoldingsChannel.com reports. The fund purchased 226,316 shares of the electronics maker’s stock, valued at approximately $31,983,000. TE Connectivity comprises about 4.6% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 3rd biggest holding.

Several other hedge funds have also recently made changes to their positions in the stock. Costello Asset Management INC bought a new position in TE Connectivity during the first quarter valued at approximately $28,000. Millstone Evans Group LLC purchased a new stake in TE Connectivity during the 1st quarter valued at $32,000. Ransom Advisory Ltd bought a new position in shares of TE Connectivity during the 1st quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity in the first quarter worth $34,000. Finally, Dagco Inc. purchased a new stake in TE Connectivity during the first quarter valued at $35,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Malavika Sagar sold 1,945 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 4,716 shares of the company’s stock, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction dated 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 sale, the insider owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,645 shares of company stock valued at $27,267,158 over the last three months. Insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

NYSE TEL opened at $210.49 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.96 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 cap of $62.20 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 2.48 and a beta of 1.23. The company’s 50 day moving average is $196.87 and its two-hundred day moving average is $166.60.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The company’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. As a group, research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders 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 yield of 1.3%. TE Connectivity’s dividend payout ratio is presently 58.80%.

Wall Street Analyst Weigh In

TEL has been the topic of several research reports. Truist Financial raised their target price on TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. UBS Group upped their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the company a “buy” rating in a report on Monday, July 14th. Bank of America increased their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Finally, Citigroup boosted their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and an average price target 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.