TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in TE Connectivity by 1.8%, owning approximately 1,826,191 shares valued at $258 million as of the end of the most recent quarter.
• Several analysts have raised their price targets for TE Connectivity, with Citigroup setting a new target at $230 and a consensus average target of $194.80.
• TE Connectivity recently announced a quarterly dividend of $0.71 per share, representing an annualized dividend of $2.84 and a dividend yield of 1.4%.

Charles Schwab Investment Management Inc. increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,826,191 shares of the electronics maker's stock after purchasing an additional 31,588 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of TE Connectivity worth $258,077,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TEL. Vanguard Group Inc. raised its position in shares of TE Connectivity by 17.0% during the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after purchasing an additional 5,502,415 shares during the last quarter. Woodline Partners LP purchased a new stake in TE Connectivity in the 4th quarter worth approximately $127,351,000. GAMMA Investing LLC grew its stake in TE Connectivity by 21,927.9% in the 1st quarter. GAMMA Investing LLC now owns 703,350 shares of the electronics maker's stock worth $99,397,000 after acquiring an additional 700,157 shares during the period. Point72 Asset Management L.P. grew its stake in TE Connectivity by 1,089.8% in the 4th quarter. Point72 Asset Management L.P. now owns 730,864 shares of the electronics maker's stock worth $104,492,000 after acquiring an additional 669,435 shares during the period. Finally, Royal Bank of Canada grew its stake in TE Connectivity by 95.4% in the 4th quarter. Royal Bank of Canada now owns 1,277,319 shares of the electronics maker's stock worth $182,618,000 after acquiring an additional 623,652 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider owned 23,667 shares in the company, valued at $4,562,524.26. The trade was a 69.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, 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 ninety days, insiders have sold 138,795 shares of company stock worth $26,401,597. Company insiders own 0.90% of the company's stock.

TE Connectivity Stock Up 2.2%

TE Connectivity stock traded up $4.33 during trading on Tuesday, reaching $204.19. 1,334,357 shares of the company's stock were exchanged, compared to its average volume of 1,855,042. The company's 50-day moving average is $179.25 and its two-hundred day moving average is $158.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $212.76. The firm has a market cap of $60.33 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 2.42 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the company earned $1.91 EPS. The firm's revenue was up 13.9% on a year-over-year basis. On average, analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. The ex-dividend date 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 (DPR) is currently 58.80%.

Analyst Ratings Changes

TEL has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. KGI Securities raised shares of TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their price objective on shares of TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $197.55.

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.