Burling Wealth Partners LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,869 shares of the electronics maker's stock, valued at approximately $1,125,000.
Several other large investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in shares of TE Connectivity during the fourth quarter worth $26,000. SRS Capital Advisors Inc. raised its holdings in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after purchasing an additional 107 shares during the last quarter. Fairway Wealth LLC acquired a new position in TE Connectivity during the 4th quarter valued at about $43,000. Golden State Wealth Management LLC bought a new position in shares of TE Connectivity in the 4th quarter valued at about $44,000. Finally, Hilltop National Bank acquired a new stake in shares of TE Connectivity during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 91.43% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TEL shares. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. Robert W. Baird reduced their price target on TE Connectivity from $150.00 to $147.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on TE Connectivity from $169.00 to $146.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Truist Financial reduced their target price on TE Connectivity from $165.00 to $163.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Finally, Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $156.90.
Check Out Our Latest Report on TEL
Insider Activity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now owns 25,976 shares of the company's stock, valued at $3,812,497.52. This represents a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company's stock.
TE Connectivity Price Performance
Shares of TEL opened at $135.77 on Thursday. The stock has a 50 day simple moving average of $141.84 and a 200 day simple moving average of $146.09. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week 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 firm has a market capitalization of $40.51 billion, a PE ratio of 21.69, a P/E/G ratio of 2.11 and a beta of 1.25.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. Sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.71 dividend. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 annualized dividend and a dividend yield of 2.09%. TE Connectivity's dividend payout ratio (DPR) is currently 45.37%.
TE Connectivity Profile
(
Free Report)
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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