TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 113.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,874 shares of the electronics maker's stock after buying an additional 161,809 shares during the period. APG Asset Management N.V. owned about 0.10% of TE Connectivity worth $42,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TEL. Benjamin Edwards Inc. lifted its stake in shares of TE Connectivity by 2,193.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,179 shares of the electronics maker's stock worth $329,000 after purchasing an additional 2,084 shares during the period. Quantinno Capital Management LP lifted its position in TE Connectivity by 25.4% during the third quarter. Quantinno Capital Management LP now owns 22,382 shares of the electronics maker's stock worth $3,379,000 after buying an additional 4,531 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in TE Connectivity by 57.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,332 shares of the electronics maker's stock worth $2,013,000 after buying an additional 4,862 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in TE Connectivity in the 3rd quarter valued at about $278,000. Finally, MML Investors Services LLC increased its stake in shares of TE Connectivity by 11.1% during the 3rd quarter. MML Investors Services LLC now owns 22,722 shares of the electronics maker's stock valued at $3,431,000 after acquiring an additional 2,276 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

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Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company's stock, valued at approximately $3,925,752.88. The trade was a 13.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

TE Connectivity Stock Up 0.5 %

NYSE TEL traded up $0.65 during mid-day trading on Monday, reaching $128.60. 523,872 shares of the company's stock traded hands, compared to its average volume of 1,827,789. The company has a fifty day simple moving average of $144.78 and a 200-day simple moving average of $147.04. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $159.98. The company has a market cap of $38.37 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 2.11 and a beta of 1.25. 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 (NYSE:TEL - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 earnings per share. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.71 dividend. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's payout ratio is currently 45.37%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Bank of America upped their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Truist Financial dropped their price target on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group reduced their price objective on TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $163.60.

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.