TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Boosted by Fmr LLC

Fmr LLC grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,213,446 shares of the electronics maker’s stock after acquiring an additional 32,164 shares during the quarter. Fmr LLC owned about 0.41% of TE Connectivity worth $173,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. bought a new stake in TE Connectivity during the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its stake in TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after buying an additional 107 shares during the period. Fairway Wealth LLC purchased a new stake in shares of TE Connectivity during the fourth quarter worth $43,000. Golden State Wealth Management LLC acquired a new stake in shares of TE Connectivity during the 4th quarter valued at about $44,000. Finally, Hilltop National Bank bought a new stake in TE Connectivity in the fourth quarter worth approximately $55,000. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $127.85 on Friday. The firm has a market capitalization of $38.14 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. 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 $116.30 and a twelve month high of $159.98. The stock’s 50-day simple moving average is $144.78 and its 200 day simple moving average is $147.05.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $1.84 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, May 21st. This is an increase from TE Connectivity’s previous quarterly dividend of $0.65. TE Connectivity’s dividend payout ratio (DPR) is currently 45.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TEL shares. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. UBS Group dropped their price objective on shares of TE Connectivity from $188.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Truist Financial dropped their price objective 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. Finally, The Goldman Sachs Group reduced their price target on shares of TE Connectivity from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.