Flossbach Von Storch SE Acquires New Position in TE Connectivity Ltd. (NYSE:TEL)

Flossbach Von Storch SE acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,915 shares of the electronics maker's stock, valued at approximately $271,000.

Other large investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in TE Connectivity in the 4th quarter worth $43,000. North Capital Inc. acquired a new stake in TE Connectivity during the 1st quarter valued at approximately $46,000. Global X Japan Co. Ltd. acquired a new stake in TE Connectivity in the first quarter valued at $47,000. Bartlett & CO. Wealth Management LLC raised its holdings in TE Connectivity by 650.8% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock valued at $69,000 after acquiring an additional 423 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in TE Connectivity by 32.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock valued at $71,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Performance

TE Connectivity stock traded up $2.04 on Thursday, reaching $174.69. 490,920 shares of the stock were exchanged, compared to its average volume of 1,791,201. The stock has a market cap of $51.80 billion, a PE ratio of 38.39, a PEG ratio of 2.25 and a beta of 1.23. The firm has a fifty day moving average price of $162.72 and a two-hundred day moving average price of $150.40. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $175.25.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its 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 business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the company posted $1.86 earnings per share. TE Connectivity's revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's payout ratio is 62.42%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered their price objective on TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wall Street Zen cut TE Connectivity from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Truist Financial reduced their price target on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Finally, HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TE Connectivity presently has a consensus rating of "Moderate Buy" and an average target price of $165.90.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 13,100 shares of the company's stock in a transaction on 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 transaction, the insider owned 23,657 shares of the company's stock, valued at approximately $4,021,690. This represents a 35.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 187,775 shares of company stock worth $29,596,059. Corporate insiders own 0.90% of the company's stock.

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.