LFL Advisers LLC Boosts Position in TE Connectivity Ltd. (NYSE:TEL)

LFL Advisers LLC lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,406 shares of the electronics maker's stock after buying an additional 2,875 shares during the period. TE Connectivity comprises about 13.8% of LFL Advisers LLC's holdings, making the stock its 2nd largest position. LFL Advisers LLC owned approximately 0.08% of TE Connectivity worth $35,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TEL. Pinnacle Bancorp Inc. bought a new stake in TE Connectivity during the fourth quarter worth $26,000. SRS Capital Advisors Inc. raised its stake in shares of 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 period. Fairway Wealth LLC bought a new stake in shares of TE Connectivity during the 4th quarter worth $43,000. Golden State Wealth Management LLC purchased a new position in TE Connectivity in the fourth quarter valued at about $44,000. Finally, Hilltop National Bank purchased a new position in TE Connectivity in the fourth quarter valued at approximately $55,000. Institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

TEL has been the subject of several recent research reports. Robert W. Baird decreased their price objective on TE Connectivity from $150.00 to $147.00 and set an "outperform" rating for the company in a report on Tuesday. StockNews.com cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Hsbc Global Res upgraded TE Connectivity from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group reduced their price objective on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial reduced their price target on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $156.90.

Insider Transactions at TE Connectivity

In related 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 value of $3,669,250.00. Following the transaction, the insider now owns 25,976 shares of the company's stock, valued at approximately $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 can be accessed through this link. Company insiders own 0.90% of the company's stock.

TE Connectivity Stock Up 1.8 %

Shares of TEL stock traded up $2.33 during midday trading on Friday, reaching $129.23. 2,517,669 shares of the stock were exchanged, compared to its average volume of 1,714,609. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $159.98. The firm has a market cap of $38.56 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. The company's 50 day moving average is $142.92 and its two-hundred day moving average is $146.36.

TE Connectivity (NYSE:TEL - Get Free Report) last announced 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 firm 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%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. On average, equities research analysts predict 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. Investors of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 annualized dividend and a dividend yield of 2.20%. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. 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.