Tompkins Financial Corp Buys 1,829 Shares of TE Connectivity Ltd. (NYSE:TEL)

Tompkins Financial Corp increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 55,423 shares of the electronics maker's stock after purchasing an additional 1,829 shares during the period. Tompkins Financial Corp's holdings in TE Connectivity were worth $7,832,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TEL. Wellington Management Group LLP bought a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $909,598,000. Vanguard Group Inc. grew its stake in shares of 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 during the period. Norges Bank bought a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $508,199,000. Clearbridge Investments LLC grew its stake in shares of 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 during the period. Finally, Amundi bought a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $159,992,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TEL. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Truist Financial decreased 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, Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $162.50.

Insider Buying and Selling

In related news, insider Aaron Kyle Stucki sold 5,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $160.00, for a total value of $800,000.00. Following the sale, the insider now owns 23,646 shares in the company, valued at $3,783,360. This represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $500,000.00. Following the completion of the sale, the senior vice president now owns 5,927 shares of the company's stock, valued at approximately $948,320. This trade represents a 34.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,675 shares of company stock valued at $27,062,559 over the last 90 days. 0.90% of the stock is owned by insiders.

TE Connectivity Price Performance

Shares of NYSE TEL traded down $1.56 during midday trading on Friday, reaching $159.99. The company's stock had a trading volume of 2,444,724 shares, compared to its average volume of 1,706,718. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $164.11. The business's 50 day moving average price is $144.78 and its two-hundred day moving average price is $147.14. The company has a market cap of $47.44 billion, a P/E ratio of 25.56, a P/E/G ratio of 2.11 and a beta of 1.24.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.71 dividend. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.78%. TE Connectivity's payout ratio is currently 62.42%.

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.