Farringdon Capital Ltd. purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,339 shares of the electronics maker's stock, valued at approximately $334,000.
A number of other large investors have also bought and sold shares of the business. Ceredex Value Advisors LLC acquired a new stake in TE Connectivity in the 4th quarter valued at $20,623,000. Insigneo Advisory Services LLC increased its holdings in TE Connectivity by 12.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,089 shares of the electronics maker's stock worth $728,000 after buying an additional 559 shares during the last quarter. Montag & Caldwell LLC bought a new stake in TE Connectivity during the fourth quarter worth $1,055,000. Jump Financial LLC acquired a new stake in TE Connectivity in the fourth quarter valued at $325,000. Finally, Anchor Investment Management LLC grew its position in shares of TE Connectivity by 4.5% in the 4th quarter. Anchor Investment Management LLC now owns 5,275 shares of the electronics maker's stock valued at $754,000 after acquiring an additional 227 shares during the period. 91.43% of the stock is owned by institutional investors.
TE Connectivity Price Performance
Shares of TEL traded up $7.29 during trading hours on Thursday, hitting $143.35. 1,194,173 shares of the company were exchanged, compared to its average volume of 1,895,831. The company has a market cap of $42.77 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.11 and a beta of 1.25. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $159.98. 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 firm's fifty day moving average is $141.84 and its 200 day moving average is $146.09.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.14. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is 45.37%.
Insider Buying and Selling
In other news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity 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 transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on TEL. Bank of America boosted their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a report on Thursday. Truist Financial cut their price objective on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company increased their target price on TE Connectivity from $130.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.20.
Read Our Latest Analysis on TEL
TE Connectivity Company 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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