UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 551,800 Shares of TE Connectivity Ltd. (NYSE:TEL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,526,030 shares of the electronics maker's stock after buying an additional 551,800 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.85% of TE Connectivity worth $361,147,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in TE Connectivity by 0.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,368 shares of the electronics maker's stock valued at $3,484,000 after acquiring an additional 157 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of TE Connectivity in the fourth quarter valued at approximately $237,000. UMB Bank n.a. purchased a new position in shares of TE Connectivity during the fourth quarter valued at approximately $148,000. Ballentine Partners LLC grew its holdings in TE Connectivity by 2.6% during the fourth quarter. Ballentine Partners LLC now owns 4,907 shares of the electronics maker's stock worth $702,000 after buying an additional 125 shares in the last quarter. Finally, Dakota Wealth Management raised its position in TE Connectivity by 5.5% in the 4th quarter. Dakota Wealth Management now owns 14,347 shares of the electronics maker's stock valued at $2,051,000 after buying an additional 748 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial cut their price objective on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut shares of TE Connectivity from a "buy" rating to a "hold" rating in a report on Saturday. The Goldman Sachs Group decreased their price objective on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group reissued a "buy" rating and set a $163.00 target price (up previously from $155.00) on shares of TE Connectivity in a research report on Thursday, April 24th. Finally, Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $160.30.

Insider Activity at TE Connectivity

In other news, SVP Malavika Sagar sold 3,125 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $160.00, for a total value of $500,000.00. Following the completion of the transaction, the senior vice president now directly owns 5,927 shares of the company's stock, valued at $948,320. This trade represents a 34.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Jenkins sold 20,400 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $162.85, for a total value of $3,322,140.00. Following the sale, the executive vice president now directly owns 24,625 shares in the company, valued at $4,010,181.25. This trade represents a 45.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,675 shares of company stock worth $27,062,559. Company insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock traded up $3.84 on Tuesday, reaching $161.40. 336,420 shares of the company traded hands, compared to its average volume of 1,698,110. The company has a 50 day moving average of $143.76 and a 200 day moving average of $146.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $164.11. The firm has a market capitalization of $47.86 billion, a PE ratio of 25.81, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the company earned $1.86 earnings per share. TE Connectivity's revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.71 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 annualized dividend and a yield of 1.76%. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is 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.