Life Planning Partners Inc Invests $7.89 Million in TE Connectivity Ltd. (NYSE:TEL)

Life Planning Partners Inc acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 55,186 shares of the electronics maker's stock, valued at approximately $7,890,000. TE Connectivity comprises approximately 1.1% of Life Planning Partners Inc's investment portfolio, making the stock its 26th largest holding.

Several other large investors have also added to or reduced their stakes in TEL. Pinnacle Bancorp Inc. bought a new stake in TE Connectivity during the 4th quarter worth about $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 worth $28,000 after purchasing an additional 107 shares during the period. Fairway Wealth LLC bought a new position in shares of TE Connectivity in the fourth quarter valued at about $43,000. Golden State Wealth Management LLC acquired a new stake in shares of TE Connectivity during the 4th quarter worth about $44,000. Finally, Hilltop National Bank bought a new position in TE Connectivity in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock traded down $9.21 during trading hours on Thursday, hitting $133.08. 989,887 shares of the company's stock traded hands, compared to its average volume of 1,672,696. The company has a fifty day simple moving average of $148.83 and a 200-day simple moving average of $148.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The stock has a market capitalization of $39.70 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.11 and a beta of 1.25. TE Connectivity Ltd. has a 12-month low of $131.35 and a 12-month high of $159.98.

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

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.13%. 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 45.37%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TEL has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Bank of America lifted their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Finally, Truist Financial decreased their price target on TE Connectivity from $165.00 to $163.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, TE Connectivity presently has an average rating of "Hold" and an average 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.