Guyasuta Investment Advisors Inc. raised its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,141 shares of the electronics maker's stock after purchasing an additional 4,868 shares during the quarter. TE Connectivity accounts for about 2.7% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 13th biggest holding. Guyasuta Investment Advisors Inc. owned about 0.10% of TE Connectivity worth $41,427,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Stonegate Investment Group LLC raised its position in shares of TE Connectivity by 61.4% during the first quarter. Stonegate Investment Group LLC now owns 6,874 shares of the electronics maker's stock worth $971,000 after acquiring an additional 2,615 shares during the last quarter. Appleton Partners Inc. MA grew its stake in TE Connectivity by 2.1% in the first quarter. Appleton Partners Inc. MA now owns 16,091 shares of the electronics maker's stock valued at $2,274,000 after acquiring an additional 324 shares during the period. Walter & Keenan Wealth Management LLC IN ADV grew its stake in TE Connectivity by 7.5% in the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,829 shares of the electronics maker's stock valued at $258,000 after acquiring an additional 127 shares during the period. Global X Japan Co. Ltd. acquired a new stake in TE Connectivity in the first quarter valued at approximately $47,000. Finally, Premier Path Wealth Partners LLC grew its stake in TE Connectivity by 9.9% in the first quarter. Premier Path Wealth Partners LLC now owns 2,004 shares of the electronics maker's stock valued at $283,000 after acquiring an additional 180 shares during the period. 91.43% of the stock is currently owned by institutional investors.
TE Connectivity Trading Up 0.9%
TEL stock traded up $1.56 during trading on Wednesday, hitting $168.04. 1,464,748 shares of the company traded hands, compared to its average volume of 1,702,934. The firm has a market capitalization of $49.83 billion, a PE ratio of 36.93, a P/E/G ratio of 2.18 and a beta of 1.23. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $169.55. The company has a 50-day moving average of $155.26 and a 200-day moving average of $148.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.14. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The business's revenue was up 4.4% compared to the same quarter last year. Analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Announces Dividend
The company also recently announced 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. This represents a $2.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio is currently 62.42%.
Insider Transactions at TE Connectivity
In related news, EVP John S. Jenkins sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the completion of the transaction, the executive vice president now owns 24,625 shares of the company's stock, valued at $3,678,728.75. This trade represents a 54.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Kyle Stucki sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $160.00, for a total value of $800,000.00. Following the transaction, the insider now directly owns 23,646 shares of the company's stock, valued at approximately $3,783,360. This trade represents a 17.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,675 shares of company stock valued at $27,369,059. Corporate insiders own 0.90% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on TEL. HSBC raised TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Thursday, April 24th. UBS Group boosted their price objective on TE Connectivity from $163.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Truist Financial cut their price objective 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, Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Five 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.50.
View Our Latest Stock Report on TE Connectivity
About TE Connectivity
(
Free Report)
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.
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