BSW Wealth Partners Purchases Shares of 3,193 TE Connectivity Ltd. (NYSE:TEL)

BSW Wealth Partners acquired a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,193 shares of the electronics maker's stock, valued at approximately $451,000.

Several other large investors have also recently modified their holdings of TEL. Brighton Jones LLC purchased a new position in shares of TE Connectivity in the fourth quarter worth about $820,000. New York State Common Retirement Fund increased its holdings in shares of TE Connectivity by 48.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,122 shares of the electronics maker's stock worth $160,000 after buying an additional 368 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in shares of TE Connectivity by 42.9% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 4,006 shares of the electronics maker's stock worth $573,000 after buying an additional 1,202 shares during the period. Lake Street Advisors Group LLC grew its stake in shares of TE Connectivity by 5.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,171 shares of the electronics maker's stock worth $310,000 after purchasing an additional 109 shares during the last quarter. Finally, NewEdge Wealth LLC grew its stake in shares of TE Connectivity by 39.6% in the fourth quarter. NewEdge Wealth LLC now owns 21,766 shares of the electronics maker's stock worth $3,112,000 after purchasing an additional 6,174 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the sale, the insider now directly owns 25,976 shares of the company's stock, valued at $4,130,963.28. The trade was a 49.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 5,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $800,000.00. Following the completion of the transaction, the insider now owns 23,646 shares of the company's stock, valued at approximately $3,783,360. The trade was a 17.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,775 shares of company stock valued at $29,596,059 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company raised their target price on TE Connectivity from $148.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. UBS Group raised their target price on TE Connectivity from $163.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. 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 note on Friday, April 25th. Wall Street Zen cut TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Truist Financial cut their target price on TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TE Connectivity has a consensus rating of "Moderate Buy" and an average price target of $162.50.

TE Connectivity Stock Performance

TE Connectivity stock opened at $166.85 on Friday. The stock's 50 day simple moving average is $157.63 and its two-hundred day simple moving average is $149.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The stock has a market cap of $49.48 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.18 and a beta of 1.23. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $170.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted 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 business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The business's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.70%. TE Connectivity's dividend payout ratio is currently 62.42%.

TE Connectivity Company 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.

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