TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 4.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,612 shares of the electronics maker's stock after buying an additional 3,698 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in TE Connectivity were worth $12,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in TE Connectivity during the 4th quarter valued at $820,000. New York State Common Retirement Fund increased its position in TE Connectivity by 48.8% during the 4th quarter. New York State Common Retirement Fund now owns 1,122 shares of the electronics maker's stock valued at $160,000 after purchasing an additional 368 shares during the period. Oppenheimer & Co. Inc. increased its position in TE Connectivity by 16.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,889 shares of the electronics maker's stock valued at $699,000 after purchasing an additional 698 shares during the period. SRS Capital Advisors Inc. increased its position in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 107 shares during the period. Finally, Jones Financial Companies Lllp increased its position in TE Connectivity by 23.5% during the 4th quarter. Jones Financial Companies Lllp now owns 3,305 shares of the electronics maker's stock valued at $473,000 after purchasing an additional 628 shares during the period. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Aaron Kyle Stucki sold 13,100 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,227,000.00. Following the sale, the insider owned 23,657 shares in the company, valued at approximately $4,021,690. The trade was a 35.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Malavika Sagar sold 3,125 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $160.00, for a total value of $500,000.00. Following the sale, the senior vice president owned 5,927 shares in the company, valued at $948,320. The trade was a 34.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,775 shares of company stock valued at $29,596,059 over the last three months. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Down 1.9%

Shares of TEL stock traded down $3.24 on Monday, hitting $171.05. The stock had a trading volume of 1,341,282 shares, compared to its average volume of 1,713,693. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $161.65 and a 200 day moving average price of $150.09. The company has a market cap of $50.72 billion, a PE ratio of 37.59, a P/E/G ratio of 2.28 and a beta of 1.23. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $175.03.

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 for the quarter, beating the consensus estimate of $1.96 by $0.14. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.66%. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TEL shares. UBS Group upped their target price on shares of TE Connectivity from $163.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group cut their price objective on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Truist Financial cut their target price on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and an average price target of $163.90.

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.