University of Texas Texas AM Investment Management Co. Has $6.72 Million Position in TE Connectivity Ltd. (NYSE:TEL)

University of Texas Texas AM Investment Management Co. lowered its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,966 shares of the electronics maker's stock after selling 7,457 shares during the period. TE Connectivity comprises 0.8% of University of Texas Texas AM Investment Management Co.'s holdings, making the stock its 16th biggest holding. University of Texas Texas AM Investment Management Co.'s holdings in TE Connectivity were worth $6,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. boosted its position in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 107 shares during the period. Fairway Wealth LLC acquired a new position in shares of TE Connectivity in the fourth quarter worth about $43,000. Golden State Wealth Management LLC purchased a new position in shares of TE Connectivity in the fourth quarter worth approximately $44,000. Deseret Mutual Benefit Administrators acquired a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $57,000. Finally, Webster Bank N. A. purchased a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $61,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Down 0.8%

Shares of TEL stock traded down $1.20 on Monday, hitting $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 stock has a market capitalization of $46.77 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $164.11. The firm's fifty day moving average price is $143.56 and its 200-day moving average price is $146.89. 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 (NYSE:TEL - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TEL. Robert W. Baird boosted their target price on shares of TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Citigroup reduced their price objective on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Truist Financial lowered their target price on TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company boosted 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and a consensus price target of $160.30.

Insider Transactions at TE Connectivity

In other news, SVP Malavika Sagar sold 3,125 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $160.00, for a total value of $500,000.00. Following the sale, the senior vice president now directly owns 5,927 shares of the company's stock, valued at approximately $948,320. This trade represents a 34.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Heath A. Mitts sold 53,306 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $159.21, for a total value of $8,486,848.26. Following the transaction, the chief financial officer now owns 45,503 shares of the company's stock, valued at approximately $7,244,532.63. This trade represents a 53.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 174,675 shares of company stock worth $27,062,559. 0.90% of the stock is owned by insiders.

TE Connectivity Profile

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.