15,144 Shares of TE Connectivity Ltd. $TEL Purchased by Anderson Hoagland & Co.

Key Points

• Anderson Hoagland & Co. purchased 15,144 shares of TE Connectivity in the third quarter, valued at approximately $3.16 million. Institutional investors collectively own 91.43% of the company.
• Analysts maintain a generally positive outlook, with an overall “Moderate Buy” rating and an average price target of $258.07, despite some firms lowering targets or maintaining hold ratings.
• TE Connectivity reported quarterly earnings of $2.94 per share and revenue of $5.16 billion, surpassing estimates, while revenue rose 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, representing a 1.5% annualized yield.

Anderson Hoagland & Co. bought a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,144 shares of the electronics maker's stock, valued at approximately $3,156,000.

Other large investors have also added to or reduced their stakes in the company. Simplicity Wealth LLC purchased a new stake in TE Connectivity during the third quarter valued at approximately $213,000. Brookmont Capital Management lifted its holdings in shares of TE Connectivity by 0.5% during the 3rd quarter. Brookmont Capital Management now owns 13,749 shares of the electronics maker's stock valued at $2,902,000 after purchasing an additional 74 shares during the last quarter. Sowell Financial Services LLC boosted its position in shares of TE Connectivity by 14.1% in the 3rd quarter. Sowell Financial Services LLC now owns 1,434 shares of the electronics maker's stock worth $303,000 after purchasing an additional 177 shares in the last quarter. Ascent Wealth Partners LLC boosted its position in shares of TE Connectivity by 1.6% in the 3rd quarter. Ascent Wealth Partners LLC now owns 7,953 shares of the electronics maker's stock worth $1,679,000 after purchasing an additional 124 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake in TE Connectivity by 3.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 6,944 shares of the electronics maker's stock worth $1,466,000 after buying an additional 246 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. HSBC reduced their target price on TE Connectivity from $234.00 to $216.00 and set a "hold" rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of TE Connectivity in a report on Thursday. Wells Fargo & Company boosted their price target on TE Connectivity from $209.00 to $220.00 and gave the stock a "cautious" rating in a research note on Friday, September 11th. The Goldman Sachs Group upped their price objective on shares of TE Connectivity from $284.00 to $288.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Finally, Truist Financial decreased their price objective on shares of TE Connectivity from $240.00 to $215.00 and set a "hold" rating for the company in a research report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $258.07.

TE Connectivity Trading Down 0.3%

Shares of NYSE:TEL opened at $207.84 on Friday. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The stock has a market cap of $60.17 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.22 and a beta of 1.14. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $209.83 and a 200-day moving average price of $210.46.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. TE Connectivity's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts predict that TE Connectivity Ltd. will post 11.46 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity's payout ratio is currently 30.59%.

About TE Connectivity

TE Connectivity Ltd. NYSE: TEL is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.

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