Founders Financial Alliance LLC Buys Shares of 2,482 TE Connectivity Ltd. (NYSE:TEL)

Key Points

• Founders Financial Alliance LLC invested approximately $351,000 in TE Connectivity Ltd., acquiring 2,482 shares during the 1st quarter.
• TE Connectivity recently reported quarterly earnings of $2.27 EPS, surpassing analysts' expectations by $0.19, with revenue increasing by 13.9% from the previous year.
• The company announced a quarterly dividend of $0.71, resulting in an annualized dividend of $2.84 and a yield of 1.4%.

Founders Financial Alliance LLC purchased a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,482 shares of the electronics maker's stock, valued at approximately $351,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of TE Connectivity by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after buying an additional 192 shares during the period. J. Safra Sarasin Holding AG grew its holdings in shares of TE Connectivity by 128.4% in the 4th quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker's stock valued at $2,219,000 after buying an additional 8,728 shares during the period. Beverly Hills Private Wealth LLC boosted its stake in TE Connectivity by 61.2% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock worth $1,587,000 after purchasing an additional 4,214 shares during the period. Ameriprise Financial Inc. boosted its stake in TE Connectivity by 11.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock worth $801,101,000 after purchasing an additional 592,072 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in TE Connectivity by 2.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock worth $3,516,000 after purchasing an additional 511 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Performance

TE Connectivity stock traded down $2.25 during trading hours on Monday, hitting $199.73. The company had a trading volume of 1,311,285 shares, compared to its average volume of 2,271,864. The firm has a 50-day moving average of $178.45 and a 200 day moving average of $157.93. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The firm has a market cap of $59.02 billion, a PE ratio of 24.42, a PEG ratio of 2.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business posted $1.91 EPS. The business's revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company 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 dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TEL shares. Robert W. Baird upped their target price on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. UBS Group upped their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Truist Financial upped their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Vertical Research raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a research report on Friday, April 25th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.80.

Insider Activity

In related news, SVP Malavika Sagar sold 1,945 shares of the 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 sale, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the sale, the insider owned 25,976 shares in the company, valued at $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 159,195 shares of company stock worth $29,723,737. Insiders own 0.90% of the company's stock.

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.