Atria Wealth Solutions Inc. Has $1.13 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Atria Wealth Solutions Inc. increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 45.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,961 shares of the electronics maker's stock after buying an additional 2,490 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in TE Connectivity were worth $1,125,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Costello Asset Management INC acquired a new position in TE Connectivity in the 1st quarter worth approximately $28,000. Millstone Evans Group LLC purchased a new stake in TE Connectivity in the 1st quarter worth approximately $32,000. North Capital Inc. purchased a new stake in TE Connectivity in the 1st quarter worth approximately $46,000. Global X Japan Co. Ltd. bought a new position in shares of TE Connectivity during the 1st quarter valued at $47,000. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in shares of TE Connectivity by 650.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock valued at $69,000 after purchasing an additional 423 shares in the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. UBS Group boosted their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price on the stock in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and a consensus price target of $197.55.

Insider Activity at TE Connectivity

In related news, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the transaction, the insider owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,795 shares of company stock valued at $26,401,597. Insiders own 0.90% of the company's stock.

TE Connectivity Price Performance

TEL stock traded up $2.06 during trading on Wednesday, hitting $206.20. 1,391,664 shares of the stock traded hands, compared to its average volume of 1,852,052. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The stock has a market cap of $60.93 billion, a price-to-earnings ratio of 42.69, a P/E/G ratio of 2.39 and a beta of 1.23. The company has a 50 day simple moving average of $180.09 and a 200 day simple moving average of $158.56. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm posted $1.91 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS 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 of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's payout ratio is currently 58.80%.

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.