Quotient Wealth Partners LLC Makes New Investment in TE Connectivity Ltd. (NYSE:TEL)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of TEL. North Capital Inc. purchased a new stake in shares of TE Connectivity during the 1st quarter worth about $46,000. Global X Japan Co. Ltd. purchased a new stake in TE Connectivity during the 1st quarter worth $47,000. Bartlett & CO. Wealth Management LLC increased its position in shares of TE Connectivity by 650.8% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock worth $69,000 after acquiring an additional 423 shares during the last quarter. Loomis Sayles & Co. L P boosted 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 purchasing an additional 123 shares during the last quarter. Finally, Ancora Advisors LLC grew 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 purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TEL. The Goldman Sachs Group dropped their target price on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group boosted their target price on shares of TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Citigroup raised shares of TE Connectivity from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $150.00 to $200.00 in a report on Friday. Truist Financial lowered their price target on TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Three 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 stock. According to data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $171.70.

TE Connectivity Stock Up 1.2%

TEL stock traded up $2.11 during midday trading on Friday, reaching $177.14. The company had a trading volume of 1,542,540 shares, compared to its average volume of 1,713,989. 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 1 year low of $116.30 and a 1 year high of $178.10. The company has a 50 day moving average of $163.83 and a two-hundred day moving average of $150.90. The company has a market capitalization of $52.53 billion, a P/E ratio of 38.93, a PEG ratio of 2.19 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given 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 yield of 1.60%. TE Connectivity's payout ratio is currently 62.42%.

Insiders Place Their Bets

In related news, insider Aaron Kyle Stucki sold 13,100 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,227,000.00. Following the completion of the transaction, the insider directly owned 23,657 shares in the company, valued at $4,021,690. This represents a 35.64% 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 stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $159.21, for a total transaction of $8,486,848.26. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 187,775 shares of company stock worth $29,596,059 in the last ninety days. 0.90% of the stock is owned by insiders.

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.