Tredje AP fonden Has $21.28 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Tredje AP fonden increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,580 shares of the electronics maker's stock after acquiring an additional 10,200 shares during the quarter. Tredje AP fonden owned approximately 0.05% of TE Connectivity worth $21,280,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TEL. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity in the first quarter worth $32,000. North Capital Inc. acquired a new stake in TE Connectivity during the first quarter valued at $46,000. Global X Japan Co. Ltd. acquired a new stake in TE Connectivity during the first quarter valued at $47,000. Bartlett & CO. Wealth Management LLC raised its holdings in TE Connectivity by 650.8% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock valued at $69,000 after buying an additional 423 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in TE Connectivity by 150.0% during the fourth quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock valued at $71,000 after buying an additional 300 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird raised their target price on TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Wells Fargo & Company raised their target price on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Bank of America raised their target price on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Truist Financial lifted their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.80.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the sale, the insider owned 25,976 shares of the company's stock, valued at approximately $4,130,963.28. The trade was a 49.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Malavika Sagar sold 3,125 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $500,000.00. Following the sale, the senior vice president directly owned 5,927 shares in the company, valued at approximately $948,320. The trade was a 34.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,470 shares of company stock valued at $45,313,205 over the last three months. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Stock Down 2.0%

Shares of TE Connectivity stock traded down $4.10 during trading hours on Friday, reaching $201.65. 2,931,353 shares of the company's stock were exchanged, compared to its average volume of 1,868,526. The company has a 50 day moving average of $173.44 and a two-hundred day moving average of $155.56. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The stock has a market cap of $59.58 billion, a P/E ratio of 41.75, a P/E/G ratio of 2.47 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.91 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

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.