Cooke & Bieler LP Has $222.67 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Cooke & Bieler LP lowered its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,575,626 shares of the electronics maker's stock after selling 18,183 shares during the period. TE Connectivity makes up 2.2% of Cooke & Bieler LP's investment portfolio, making the stock its 8th largest position. Cooke & Bieler LP owned about 0.53% of TE Connectivity worth $222,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bailard Inc. raised its holdings in shares of TE Connectivity by 6.1% in the 1st quarter. Bailard Inc. now owns 12,002 shares of the electronics maker's stock valued at $1,696,000 after acquiring an additional 686 shares in the last quarter. Ascent Wealth Partners LLC raised its holdings in shares of TE Connectivity by 1.7% during the 1st quarter. Ascent Wealth Partners LLC now owns 8,760 shares of the electronics maker's stock valued at $1,238,000 after buying an additional 150 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of TE Connectivity by 565.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 692 shares of the electronics maker's stock valued at $98,000 after buying an additional 588 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of TE Connectivity by 7.7% during the 1st quarter. Wealthfront Advisers LLC now owns 32,031 shares of the electronics maker's stock valued at $4,527,000 after buying an additional 2,300 shares in the last quarter. Finally, Dakota Wealth Management raised its holdings in shares of TE Connectivity by 3.5% during the 1st quarter. Dakota Wealth Management now owns 14,842 shares of the electronics maker's stock valued at $2,097,000 after buying an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Trading Up 0.8%

Shares of TEL stock traded up $1.35 during trading hours on Friday, reaching $179.03. The company's stock had a trading volume of 4,341,572 shares, compared to its average volume of 1,720,788. The stock has a market capitalization of $53.09 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.18 and a beta of 1.23. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $179.73. The firm's fifty day simple moving average is $165.93 and its 200 day simple moving average is $151.70. 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 (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, topping analysts' consensus estimates 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 return on equity of 19.40% and a net margin of 8.67%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.59%. TE Connectivity's dividend payout ratio is presently 62.42%.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 13,100 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $170.00, for a total value of $2,227,000.00. Following the sale, the insider directly owned 23,657 shares of the company's stock, valued at approximately $4,021,690. The trade was a 35.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $3,975,750.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $4,130,963.28. This trade represents 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 ninety days. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TEL shares. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a report on Friday, April 25th. Truist Financial decreased their price objective on TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Bank of America raised their price objective on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wells Fargo & Company lifted their price target on TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Citigroup raised TE Connectivity from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $150.00 to $200.00 in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $177.10.

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.