TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 43.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,951 shares of the electronics maker's stock after acquiring an additional 17,064 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in TE Connectivity were worth $7,999,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. Modera Wealth Management LLC raised its holdings in shares of TE Connectivity by 2.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after acquiring an additional 78 shares during the last quarter. King Luther Capital Management Corp increased its position 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 purchasing an additional 83 shares in the last quarter. Ascent Wealth Partners LLC raised its stake in TE Connectivity by 1.0% in the 4th quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock valued at $1,231,000 after purchasing an additional 85 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in TE Connectivity by 6.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker's stock valued at $240,000 after purchasing an additional 95 shares in the last quarter. Finally, Callan Capital LLC boosted its stake 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 purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

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Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction 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 directly owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by insiders.

TE Connectivity Trading Down 0.1 %

Shares of TE Connectivity stock traded down $0.19 during trading hours on Friday, hitting $146.10. The company's stock had a trading volume of 4,288,307 shares, compared to its average volume of 1,585,615. The stock has a market cap of $43.59 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a twelve month low of $137.61 and a twelve month high of $159.98. The firm has a fifty day moving average of $148.80 and a 200-day moving average of $148.38.

TE Connectivity (NYSE:TEL - Get Free Report) last posted 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. The company had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. TE Connectivity's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.84 earnings per share. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.71 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is presently 45.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America increased their target price 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. Truist Financial cut their price objective on shares of 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 cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Robert W. Baird increased their price target on TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, Citigroup boosted their price objective on TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, TE Connectivity currently has an average rating of "Hold" and a consensus target price of $167.00.

TE Connectivity 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.