TE Connectivity Ltd. (NYSE:TEL) Stock Position Raised by Tidal Investments LLC

Tidal Investments LLC lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 277.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,533 shares of the electronics maker's stock after buying an additional 61,405 shares during the period. Tidal Investments LLC's holdings in TE Connectivity were worth $11,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TEL. Wellington Management Group LLP acquired a new stake in TE Connectivity in the 4th quarter valued at $909,598,000. Vanguard Group Inc. increased its holdings in TE Connectivity by 14.2% in the 4th quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock valued at $4,629,225,000 after purchasing an additional 4,029,596 shares in the last quarter. Norges Bank acquired a new stake in TE Connectivity in the 4th quarter valued at $508,199,000. Clearbridge Investments LLC increased its holdings in TE Connectivity by 72.1% in the 4th quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock valued at $581,148,000 after purchasing an additional 1,702,825 shares in the last quarter. Finally, Amundi acquired a new stake in TE Connectivity in the 4th quarter valued at $159,992,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

NYSE TEL traded down $1.20 during trading hours on Friday, reaching $157.71. The company's stock had a trading volume of 1,298,975 shares, compared to its average volume of 1,703,479. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $143.56 and a 200 day simple moving average of $146.95. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $164.11. The stock has a market cap of $46.77 billion, a PE ratio of 25.19, a PEG ratio of 2.11 and a beta of 1.24.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm 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 posted $1.86 earnings per share. TE Connectivity's revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.80%. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Wall Street Zen cut shares of TE Connectivity from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Truist Financial decreased their price objective on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $160.30.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. This trade represents a 49.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 5,000 shares of the stock in a transaction 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. The trade was a 17.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,675 shares of company stock worth $27,062,559. 0.90% of the stock is owned by company insiders.

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.