TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,140,941 shares of the electronics maker's stock after acquiring an additional 114,318 shares during the quarter. American Century Companies Inc. owned 0.72% of TE Connectivity worth $306,090,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Modera Wealth Management LLC grew its position in TE Connectivity by 2.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock worth $409,000 after purchasing an additional 78 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of TE Connectivity by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock worth $2,002,000 after buying an additional 83 shares during the period. Ascent Wealth Partners LLC grew its holdings in shares of TE Connectivity by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock valued at $1,231,000 after buying an additional 85 shares during the last quarter. Moors & Cabot Inc. raised its stake in TE Connectivity by 6.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker's stock worth $240,000 after acquiring an additional 95 shares during the last quarter. Finally, Callan Capital LLC lifted its position in TE Connectivity by 5.4% during the 4th quarter. Callan Capital LLC now owns 2,071 shares of the electronics maker's stock worth $296,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

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Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares of the company's stock, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TEL shares. Robert W. Baird raised their price objective on TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Truist Financial reduced their price target on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. StockNews.com cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Finally, HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target on the stock in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $167.00.

TE Connectivity Price Performance

Shares of TEL stock traded down $1.11 on Wednesday, reaching $149.69. 2,166,507 shares of the company were exchanged, compared to its average volume of 1,585,203. TE Connectivity Ltd. has a 1 year low of $137.61 and a 1 year high of $159.98. 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 business has a 50-day moving average price of $149.22 and a 200 day moving average price of $148.40. The company has a market cap of $44.66 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. The business's revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share 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. Stockholders 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 dividend yield of 1.90%. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio is 45.37%.

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.