96,881 Shares in TE Connectivity Ltd. (NYSE:TEL) Purchased by Paradiem LLC

Paradiem LLC acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 96,881 shares of the electronics maker's stock, valued at approximately $13,691,000. TE Connectivity comprises approximately 3.8% of Paradiem LLC's investment portfolio, making the stock its 4th largest holding.

Other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted 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 purchasing an additional 107 shares during the last quarter. Fairway Wealth LLC bought a new stake in shares of TE Connectivity during the 4th quarter worth approximately $43,000. Global X Japan Co. Ltd. acquired a new stake in shares of TE Connectivity in the 1st quarter valued at approximately $47,000. Deseret Mutual Benefit Administrators bought a new position in shares of TE Connectivity in the fourth quarter valued at $57,000. Finally, Loomis Sayles & Co. L P increased its holdings in TE Connectivity by 32.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock worth $71,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the 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 transaction, the insider now owns 25,976 shares of the company's stock, valued at $4,130,963.28. This represents a 49.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Heath A. Mitts sold 53,306 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $159.21, for a total value of $8,486,848.26. Following the completion of the sale, the chief financial officer now directly owns 45,503 shares of the company's stock, valued at $7,244,532.63. This trade represents a 53.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,675 shares of company stock valued at $27,369,059. 0.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TEL has been the subject of a number of recent analyst reports. Robert W. Baird increased their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Hsbc Global Res upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Citigroup reduced their price target on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wall Street Zen lowered TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Truist Financial reduced their target price on TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Five research 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.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and an average target price of $162.50.

TE Connectivity Trading Up 1.6%

TE Connectivity stock traded up $2.68 during trading hours on Monday, hitting $165.88. The stock had a trading volume of 1,600,306 shares, compared to its average volume of 1,705,240. The business's 50 day simple moving average is $153.80 and its 200-day simple moving average is $148.46. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $167.94. The stock has a market cap of $49.19 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 2.13 and a beta of 1.23. 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 (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.14. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 EPS. On average, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company 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 $0.71 dividend. 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 1.71%. TE Connectivity's dividend payout ratio (DPR) is currently 62.42%.

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.