Compass Wealth Management LLC Buys 4,605 Shares of TE Connectivity Ltd. (NYSE:TEL)

Compass Wealth Management LLC boosted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,811 shares of the electronics maker's stock after buying an additional 4,605 shares during the quarter. TE Connectivity makes up about 1.3% of Compass Wealth Management LLC's investment portfolio, making the stock its 23rd biggest holding. Compass Wealth Management LLC's holdings in TE Connectivity were worth $5,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its holdings in shares of 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 purchasing an additional 107 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth approximately $43,000. North Capital Inc. acquired a new position in shares of TE Connectivity during the first quarter worth approximately $46,000. Global X Japan Co. Ltd. acquired a new position in shares of TE Connectivity during the first quarter worth approximately $47,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of TE Connectivity by 650.8% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock worth $69,000 after buying an additional 423 shares during the period. 91.43% of the stock is owned by institutional investors.

Insider Transactions at TE Connectivity

In related news, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $160.00, for a total value of $500,000.00. Following the completion of the transaction, the senior vice president owned 5,927 shares of the company's stock, valued at $948,320. This represents a 34.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Heath A. Mitts sold 53,306 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $159.21, for a total transaction of $8,486,848.26. Following the sale, the chief financial officer directly owned 45,503 shares of the company's stock, valued at approximately $7,244,532.63. The trade was a 53.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,775 shares of company stock valued at $29,596,059. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

TEL stock traded up $0.20 during mid-day trading on Wednesday, reaching $172.63. 1,584,261 shares of the stock traded hands, compared to its average volume of 1,798,054. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $175.03. The business has a 50-day moving average of $162.19 and a two-hundred day moving average of $150.25. The firm has a market capitalization of $51.19 billion, a PE ratio of 37.94, a P/E/G ratio of 2.24 and a beta of 1.23.

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

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

Analyst Ratings Changes

A number of research firms have weighed in on TEL. Wall Street Zen downgraded TE Connectivity from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Citigroup dropped their price target on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Truist Financial cut their target price on shares of 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 analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.