Hsbc Holdings PLC increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 413.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,988 shares of the electronics maker's stock after acquiring an additional 207,715 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of TE Connectivity worth $36,965,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of TEL. Pinnacle Bancorp Inc. purchased a new stake in TE Connectivity in the fourth quarter worth $26,000. SRS Capital Advisors Inc. boosted its position in TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 107 shares in the last quarter. Fairway Wealth LLC acquired a new stake in TE Connectivity in the fourth quarter worth about $43,000. Golden State Wealth Management LLC acquired a new stake in TE Connectivity in the fourth quarter worth about $44,000. Finally, Hilltop National Bank acquired a new stake in TE Connectivity in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 91.43% of the company's stock.
TE Connectivity Stock Up 0.4 %
TE Connectivity stock traded up $0.57 during trading on Monday, reaching $144.94. The stock had a trading volume of 1,485,882 shares, compared to its average volume of 1,685,122. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $159.98. The business has a 50 day moving average price of $141.23 and a 200 day moving average price of $146.05. 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 $43.24 billion, a PE ratio of 23.15, a P/E/G ratio of 2.11 and a beta of 1.25.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $3.97 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 1.96%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's payout ratio is currently 62.42%.
Analyst Ratings Changes
A number of equities research analysts recently commented on TEL shares. UBS Group reaffirmed a "buy" rating and set a $163.00 target price (up previously from $155.00) on shares of TE Connectivity in a report on Thursday. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a research report on Friday. StockNews.com downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Robert W. Baird raised their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.50.
Get Our Latest Stock Report on TE Connectivity
Insider Buying and Selling at TE Connectivity
In related news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity 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 directly owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.
About TE Connectivity
(
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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