2,249 Shares in TE Connectivity Ltd. (NYSE:TEL) Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,249 shares of the electronics maker's stock, valued at approximately $318,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Capital Inc. purchased a new position in shares of TE Connectivity in the first quarter valued at $46,000. Global X Japan Co. Ltd. purchased a new position in shares of TE Connectivity in the first quarter valued at $47,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 423 shares during the period. Loomis Sayles & Co. L P boosted its stake in TE Connectivity by 32.6% during the 4th 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 during the last quarter. Finally, Ancora Advisors LLC boosted its stake 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 acquiring an additional 300 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TE Connectivity

In other news, CFO Heath A. Mitts sold 53,306 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $159.21, for a total value of $8,486,848.26. Following the sale, the chief financial officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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. The trade was a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,775 shares of company stock valued at $29,596,059 over the last three months. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. 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. Bank of America increased their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday. Truist Financial reduced their price objective on TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group reduced their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Five equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.90.

TE Connectivity Stock Performance

Shares of TEL stock traded up $2.27 during trading hours on Thursday, reaching $174.92. The stock had a trading volume of 1,723,100 shares, compared to its average volume of 1,712,456. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.51 and a quick ratio of 1.08. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $175.66. The firm has a 50-day simple moving average of $162.72 and a 200-day simple moving average of $150.40. The firm has a market capitalization of $51.87 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.97 billion. During the same quarter last year, the company earned $1.86 EPS. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 annualized dividend and a yield of 1.62%. TE Connectivity's payout ratio is 62.42%.

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.