Natixis Advisors LLC Acquires 6,394 Shares of TE Connectivity Ltd. (NYSE:TEL)

Natixis Advisors LLC boosted its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,112 shares of the electronics maker's stock after purchasing an additional 6,394 shares during the quarter. Natixis Advisors LLC owned about 0.05% of TE Connectivity worth $22,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. increased its stake in TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of TE Connectivity during the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC bought a new position in shares of TE Connectivity during the 4th quarter valued at approximately $44,000. Finally, Hilltop National Bank purchased a new position in shares of TE Connectivity in the fourth quarter valued at $55,000. Institutional investors own 91.43% of the company's stock.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.90% of the company's stock.

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TE Connectivity Trading Down 0.1 %

TEL traded down $0.19 during trading hours on Friday, reaching $146.10. 4,288,307 shares of the company's stock traded hands, compared to its average volume of 1,585,615. The firm has a 50-day moving average price of $148.80 and a 200 day moving average price of $148.38. The firm has a market capitalization of $43.59 billion, a PE ratio of 23.34, a PEG ratio of 2.11 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts predict 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 given a dividend of $0.71 per share. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.94%. TE Connectivity's dividend payout ratio (DPR) is 45.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TEL shares. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target on the stock in a research note on Thursday, January 23rd. Hsbc Global Res upgraded shares of TE Connectivity from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 23rd. StockNews.com lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Bank of America upped their price objective on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Truist Financial dropped their target price on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, TE Connectivity currently 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.