Natixis Advisors LLC Purchases 8,737 Shares of TE Connectivity Ltd. (NYSE:TEL)

Natixis Advisors LLC grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,718 shares of the electronics maker's stock after acquiring an additional 8,737 shares during the period. Natixis Advisors LLC owned 0.05% of TE Connectivity worth $23,059,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TEL. Simplicity Wealth LLC grew its stake in TE Connectivity by 2.7% in the second quarter. Simplicity Wealth LLC now owns 2,509 shares of the electronics maker's stock valued at $377,000 after acquiring an additional 67 shares during the period. Silvercrest Asset Management Group LLC increased its position in shares of TE Connectivity by 2.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker's stock valued at $432,000 after purchasing an additional 68 shares during the last quarter. Optas LLC raised its position in TE Connectivity by 4.2% in the third quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock worth $268,000 after acquiring an additional 71 shares during the period. Gradient Investments LLC raised its holdings in shares of TE Connectivity by 2.2% in the 2nd quarter. Gradient Investments LLC now owns 3,602 shares of the electronics maker's stock worth $542,000 after purchasing an additional 76 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of TE Connectivity by 3.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,297 shares of the electronics maker's stock valued at $346,000 after buying an additional 76 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Down 0.6 %

Shares of NYSE:TEL traded down $0.95 on Tuesday, hitting $147.41. The company had a trading volume of 263,153 shares, compared to its average volume of 1,819,776. TE Connectivity Ltd. has a 1 year low of $128.52 and a 1 year high of $159.98. The firm has a market capitalization of $44.10 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 2.02 and a beta of 1.33. The firm's 50-day simple moving average is $148.57 and its two-hundred day simple moving average is $149.42. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, hitting analysts' consensus estimates of $1.95. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. Equities analysts anticipate that TE Connectivity Ltd. will post 8.13 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.75%. TE Connectivity's dividend payout ratio (DPR) is currently 25.32%.

TE Connectivity announced that its board has approved a share repurchase program on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TEL shares. Vertical Research began coverage on TE Connectivity in a research report on Tuesday, July 23rd. They set a "hold" rating and a $155.00 target price on the stock. Robert W. Baird lifted their price objective on TE Connectivity from $162.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Truist Financial raised their price target on TE Connectivity from $151.00 to $156.00 and gave the company a "hold" rating in a report on Thursday, July 25th. HSBC lowered shares of TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 price target on the stock. in a report on Thursday, October 31st. Finally, Bank of America cut their target price on shares of TE Connectivity from $173.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $159.55.

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.