Natixis Advisors LLC Increases Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Key Points

• Natixis Advisors LLC increased its stake in TE Connectivity by **11.0%**, owning **176,660 shares** valued at approximately **$24.97 million** as of the latest SEC filing.
• The stock received several analyst upgrades, with **Truist Financial** raising the target price from **$156.00 to $200.00**, and now holds a consensus rating of **"Moderate Buy"** with a price target of **$194.80**.
• TE Connectivity recently reported earnings of **$2.27 per share**, exceeding estimates, along with a **quarterly dividend** of **$0.71 per share**, scheduled for payment on **September 12th**.

Natixis Advisors LLC raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,660 shares of the electronics maker's stock after purchasing an additional 17,548 shares during the quarter. Natixis Advisors LLC owned 0.06% of TE Connectivity worth $24,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in TE Connectivity during the 1st quarter valued at about $32,000. North Capital Inc. purchased a new position in TE Connectivity during the 1st quarter valued at about $46,000. Global X Japan Co. Ltd. purchased a new position in TE Connectivity during the 1st quarter valued at about $47,000. Bartlett & CO. Wealth Management LLC increased its position in TE Connectivity by 650.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock valued at $69,000 after purchasing an additional 423 shares during the period. Finally, Ancora Advisors LLC increased its position in TE Connectivity by 150.0% during the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock valued at $71,000 after purchasing an additional 300 shares during the period. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

NYSE TEL traded down $2.53 on Tuesday, hitting $201.47. 2,062,220 shares of the company's stock traded hands, compared to its average volume of 1,869,511. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $212.76. The firm's 50-day moving average price is $175.25 and its two-hundred day moving average price is $156.54. The firm has a market capitalization of $59.53 billion, a PE ratio of 41.71, a P/E/G ratio of 2.42 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the business posted $1.91 EPS. The business's revenue was up 13.9% compared to the same quarter last year. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio is presently 58.80%.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,470 shares of company stock valued at $45,313,205. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of analyst reports. Wall Street Zen raised shares of TE Connectivity from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Truist Financial lifted their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Bank of America lifted their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus target price of $194.80.

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.