TE Connectivity Ltd. (NYSE:TEL) Holdings Raised by Compass Wealth Management LLC

Compass Wealth Management LLC increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 14.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,811 shares of the electronics maker's stock after acquiring an additional 4,605 shares during the period. TE Connectivity makes up 1.3% of Compass Wealth Management LLC's investment portfolio, making the stock its 23rd largest position. Compass Wealth Management LLC's holdings in TE Connectivity were worth $5,202,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of TE Connectivity during the 4th quarter worth $820,000. SRS Capital Advisors Inc. grew its position in TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 107 shares during the period. Jones Financial Companies Lllp increased its stake in TE Connectivity by 23.5% during the fourth quarter. Jones Financial Companies Lllp now owns 3,305 shares of the electronics maker's stock worth $473,000 after acquiring an additional 628 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of TE Connectivity by 14.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,634 shares of the electronics maker's stock worth $949,000 after purchasing an additional 841 shares during the period. Finally, Keybank National Association OH lifted its stake in shares of TE Connectivity by 4.1% in the 4th quarter. Keybank National Association OH now owns 7,181 shares of the electronics maker's stock valued at $1,027,000 after purchasing an additional 286 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 0.5%

TEL stock traded up $0.88 during trading on Friday, reaching $174.29. The stock had a trading volume of 584,980 shares, compared to its average volume of 1,715,188. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $161.13 and a 200 day moving average price of $149.86. The company has a market capitalization of $51.69 billion, a P/E ratio of 38.31, a PEG ratio of 2.28 and a beta of 1.23. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $175.03.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. TE Connectivity's revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, August 22nd. TE Connectivity's payout ratio is currently 62.42%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TEL. Wells Fargo & Company increased their target price on shares of TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Citigroup dropped their price objective on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. HSBC upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a report on Thursday, April 24th. Truist Financial lowered their price target on TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, The Goldman Sachs Group cut their price objective on TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $163.90.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the sale, the insider directly owned 25,976 shares of the company's stock, valued at $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John S. Jenkins sold 20,400 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $162.85, for a total transaction of $3,322,140.00. Following the transaction, the executive vice president directly owned 24,625 shares of the company's stock, valued at approximately $4,010,181.25. This represents a 45.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,775 shares of company stock valued at $29,596,059. 0.90% of the stock is 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.