TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Lessened by Axa S.A.

AXA S.A. lessened its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 41.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,778 shares of the electronics maker's stock after selling 197,179 shares during the quarter. AXA S.A. owned 0.09% of TE Connectivity worth $39,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity during the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. raised its stake in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after buying an additional 107 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of TE Connectivity in the 4th quarter worth about $43,000. Golden State Wealth Management LLC acquired a new stake in TE Connectivity in the 4th quarter valued at about $44,000. Finally, Hilltop National Bank purchased a new position in TE Connectivity during the 4th quarter valued at about $55,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TEL. Wells Fargo & Company boosted their target price on shares of TE Connectivity from $130.00 to $148.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. UBS Group reissued a "buy" rating and set a $163.00 price target (up previously from $155.00) on shares of TE Connectivity in a research note on Thursday, April 24th. Truist Financial lowered their price objective on TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, 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. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $159.50.

TE Connectivity Stock Down 0.8 %

TE Connectivity stock traded down $1.20 during midday trading on Tuesday, hitting $148.65. The stock had a trading volume of 1,348,018 shares, compared to its average volume of 1,681,577. 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 12 month low of $116.30 and a 12 month high of $159.98. The business has a fifty day moving average price of $140.63 and a 200 day moving average price of $146.06. The stock has a market cap of $44.08 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.11 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS. Research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 annualized dividend and a yield of 1.91%. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John S. Jenkins sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the completion of the transaction, the executive vice president now directly owns 24,625 shares of the company's stock, valued at $3,678,728.75. This represents a 54.92 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

About TE Connectivity

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.