Empowered Funds LLC Purchases 5,602 Shares of TE Connectivity Ltd. $TEL

Empowered Funds LLC boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,349 shares of the electronics maker’s stock after buying an additional 5,602 shares during the quarter. Empowered Funds LLC’s holdings in TE Connectivity were worth $9,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TEL. Lazard Asset Management LLC lifted its position in TE Connectivity by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 480,509 shares of the electronics maker’s stock worth $100,436,000 after acquiring an additional 28,443 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in shares of TE Connectivity in the first quarter worth about $675,000. OMERS ADMINISTRATION Corp lifted its position in shares of TE Connectivity by 23.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 23,998 shares of the electronics maker’s stock worth $5,016,000 after purchasing an additional 4,577 shares during the last quarter. Waverly Advisors LLC boosted its stake in TE Connectivity by 13.6% during the 1st quarter. Waverly Advisors LLC now owns 3,137 shares of the electronics maker’s stock valued at $656,000 after purchasing an additional 376 shares during the period. Finally, Entropy Technologies LP increased its position in TE Connectivity by 104.7% in the 1st quarter. Entropy Technologies LP now owns 6,171 shares of the electronics maker’s stock worth $1,290,000 after buying an additional 3,157 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $206.84 on Friday. The firm has a market capitalization of $59.88 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.39 and a beta of 1.17. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The business has a fifty day simple moving average of $206.05 and a 200 day simple moving average of $214.29. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42.

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

TE Connectivity Dividend Announcement

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

Wall Street Analysts Forecast Growth

TEL has been the subject of several research reports. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wells Fargo & Company dropped their target price on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Finally, UBS Group restated a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

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.