36,840 Shares in TE Connectivity Ltd. (NYSE:TEL) Acquired by Berger Financial Group Inc

Berger Financial Group Inc acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 36,840 shares of the electronics maker's stock, valued at approximately $5,267,000.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its stake in TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after buying an additional 107 shares during the last quarter. Fairway Wealth LLC bought a new position in shares of TE Connectivity in the 4th quarter valued at about $43,000. Golden State Wealth Management LLC bought a new stake in TE Connectivity during the fourth quarter worth about $44,000. Finally, Hilltop National Bank acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $55,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

TEL opened at $144.58 on Friday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $159.98. The business's fifty day moving average is $141.45 and its 200-day moving average is $146.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a market cap of $43.14 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. Sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's payout ratio is currently 45.37%.

Analyst Ratings Changes

TEL has been the topic of several analyst reports. StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upped their price objective on TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday. Robert W. Baird raised their price target on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America increased their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $159.50.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the sale, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Company Profile

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.

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