Whittier Trust Co. of Nevada Inc. Has $592,000 Position in TE Connectivity Ltd. (NYSE:TEL)

Whittier Trust Co. of Nevada Inc. increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 475.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,141 shares of the electronics maker's stock after purchasing an additional 3,421 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in TE Connectivity were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. increased its holdings in shares of TE Connectivity by 979.7% in the 4th quarter. Whittier Trust Co. now owns 9,663 shares of the electronics maker's stock valued at $1,382,000 after acquiring an additional 8,768 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in TE Connectivity during the fourth quarter valued at $642,000. Sandy Spring Bank raised its holdings in shares of TE Connectivity by 55.4% during the fourth quarter. Sandy Spring Bank now owns 1,007 shares of the electronics maker's stock worth $144,000 after purchasing an additional 359 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of TE Connectivity in the 4th quarter worth about $6,298,000. Finally, Cibc World Markets Corp boosted its holdings in shares of TE Connectivity by 14.7% in the 4th quarter. Cibc World Markets Corp now owns 47,425 shares of the electronics maker's stock valued at $6,780,000 after buying an additional 6,095 shares during the period. 91.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on TEL shares. Robert W. Baird raised their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their price target on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a 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 increased their target price on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Truist Financial reduced their price target on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, TE Connectivity presently has an average rating of "Hold" and a consensus price target of $167.00.

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Insider Transactions at TE Connectivity

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

TE Connectivity Price Performance

Shares of NYSE TEL traded down $2.74 during mid-day trading on Thursday, reaching $147.00. The company had a trading volume of 1,903,149 shares, compared to its average volume of 1,586,735. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The stock has a market cap of $43.86 billion, a PE ratio of 23.48, a P/E/G ratio of 2.11 and a beta of 1.32. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $149.34 and a two-hundred day moving average price of $148.41.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.06. The company 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 quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.71 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.93%. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio is presently 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.