Corient Private Wealth LLC Sells 4,456 Shares of TE Connectivity Ltd. (NYSE:TEL)

Corient Private Wealth LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,337 shares of the electronics maker's stock after selling 4,456 shares during the quarter. Corient Private Wealth LLC's holdings in TE Connectivity were worth $8,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several brokerages have recently commented on TEL. Truist Financial cut their price objective on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Hsbc Global Res raised shares of TE Connectivity from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 23rd. Citigroup boosted their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Bank of America raised their price objective on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of "Hold" and a consensus target price of $167.00.

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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 transaction of $3,669,250.00. Following the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Up 1.1 %

Shares of TEL stock traded up $1.58 during trading hours on Tuesday, hitting $150.56. 2,867,733 shares of the company's stock traded hands, compared to its average volume of 1,579,313. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The stock has a market cap of $44.92 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.11 and a beta of 1.32. The stock's fifty day simple moving average is $149.07 and its two-hundred day simple moving average is $148.35. TE Connectivity Ltd. has a 12-month low of $137.61 and a 12-month high of $159.98.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. On average, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The business also recently declared 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 is a boost from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.89%. TE Connectivity's dividend payout ratio is presently 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.