Barclays PLC Purchases 249,113 Shares of TE Connectivity Ltd. (NYSE:TEL)

Barclays PLC increased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 850,457 shares of the electronics maker's stock after acquiring an additional 249,113 shares during the period. Barclays PLC owned approximately 0.29% of TE Connectivity worth $121,590,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in TE Connectivity during the 3rd quarter worth about $2,586,000. Anchor Investment Management LLC lifted its position in shares of TE Connectivity by 14.8% in the 3rd quarter. Anchor Investment Management LLC now owns 5,048 shares of the electronics maker's stock valued at $762,000 after acquiring an additional 652 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in TE Connectivity by 286.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,784 shares of the electronics maker's stock worth $2,534,000 after purchasing an additional 12,444 shares during the period. Tidal Investments LLC grew its position in TE Connectivity by 24.5% during the 3rd quarter. Tidal Investments LLC now owns 22,128 shares of the electronics maker's stock worth $3,341,000 after purchasing an additional 4,359 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in TE Connectivity by 31.1% during the 3rd quarter. Franklin Resources Inc. now owns 3,004,540 shares of the electronics maker's stock valued at $445,603,000 after purchasing an additional 712,228 shares during the period. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

TE Connectivity stock traded up $2.33 on Friday, reaching $129.23. 2,517,669 shares of the stock were exchanged, compared to its average volume of 1,714,609. The stock has a market cap of $38.56 billion, a PE ratio of 20.64, a PEG ratio of 2.11 and a beta of 1.25. The firm has a fifty day moving average price of $142.92 and a two-hundred day moving average price of $146.36. 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 Ltd. has a twelve month low of $116.30 and a twelve month high of $159.98.

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

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.20%. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's payout ratio is currently 45.37%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TEL. StockNews.com downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Bank of America upped 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. Truist Financial lowered their price target on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. HSBC upgraded TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price on the stock in a research note on Thursday, January 23rd. Finally, Robert W. Baird dropped their price objective on TE Connectivity from $150.00 to $147.00 and set an "outperform" rating on the stock in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $156.90.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the transaction, the insider now owns 25,976 shares in the company, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company's stock.

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.