TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Increased by Whittier Trust Co.

Whittier Trust Co. lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 979.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,663 shares of the electronics maker's stock after buying an additional 8,768 shares during the period. Whittier Trust Co.'s holdings in TE Connectivity were worth $1,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of TE Connectivity by 4.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 243,274 shares of the electronics maker's stock valued at $36,732,000 after acquiring an additional 9,670 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in TE Connectivity in the fourth quarter valued at approximately $2,920,000. Glenmede Trust Co. NA increased its position in TE Connectivity by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 194,264 shares of the electronics maker's stock worth $29,322,000 after purchasing an additional 23,755 shares during the last quarter. Meyer Handelman Co. raised its stake in TE Connectivity by 9.9% during the fourth quarter. Meyer Handelman Co. now owns 101,640 shares of the electronics maker's stock worth $14,531,000 after purchasing an additional 9,175 shares during the period. Finally, abrdn plc acquired a new position in shares of TE Connectivity in the 4th quarter valued at $15,739,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

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TE Connectivity Stock Down 0.7 %

Shares of NYSE TEL traded down $1.11 during trading on Wednesday, reaching $149.69. 2,166,507 shares of the stock were exchanged, compared to its average volume of 1,585,363. The company has a market capitalization of $44.66 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The business's 50-day moving average price is $149.22 and its 200 day moving average price is $148.40. 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 twelve month low of $137.61 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 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 company had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the prior year, the company posted $1.84 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. 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. This represents a $2.84 annualized dividend and a yield of 1.90%. TE Connectivity's payout ratio is currently 45.37%.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of research analyst reports. Hsbc Global Res upgraded TE Connectivity from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price target on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Citigroup lifted their price objective on TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Truist Financial decreased 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. Finally, StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $167.00.

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.