Ossiam Has $1.54 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Ossiam trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,779 shares of the electronics maker's stock after selling 4,409 shares during the quarter. Ossiam's holdings in TE Connectivity were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of TE Connectivity by 14.2% in the 4th quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock valued at $4,629,225,000 after purchasing an additional 4,029,596 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $909,598,000. Geode Capital Management LLC raised its stake in shares of TE Connectivity by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 6,015,210 shares of the electronics maker's stock valued at $857,499,000 after acquiring an additional 33,340 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in TE Connectivity by 72.1% in the 4th quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock worth $581,148,000 after purchasing an additional 1,702,825 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in TE Connectivity by 15.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,749,622 shares of the electronics maker's stock valued at $536,083,000 after purchasing an additional 488,680 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on TEL. UBS Group reaffirmed a "buy" rating and set a $163.00 price objective (up from $155.00) on shares of TE Connectivity in a report on Thursday. Bank of America upped their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Friday. Wells Fargo & Company lifted their price target on TE Connectivity from $130.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Truist Financial reduced their price objective on TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $159.50.

Insider Transactions at TE Connectivity

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 directly owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

TE Connectivity Price Performance

Shares of TE Connectivity stock traded up $1.06 during trading on Friday, hitting $144.58. 1,464,509 shares of the company's stock traded hands, compared to its average volume of 1,695,887. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $159.98. 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 company has a market cap of $43.14 billion, a PE ratio of 23.10, a PEG ratio of 2.11 and a beta of 1.25. The firm's fifty day moving average price is $141.65 and its 200 day moving average price is $146.09.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. Analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The company 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 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, May 21st. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's payout ratio is currently 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.