TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 104.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,205 shares of the electronics maker's stock after acquiring an additional 2,152 shares during the period. Vise Technologies Inc.'s holdings in TE Connectivity were worth $601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. abrdn plc purchased a new stake in shares of TE Connectivity during the 4th quarter worth approximately $15,739,000. Truist Financial Corp lifted its position in shares of TE Connectivity by 32.8% during the 4th quarter. Truist Financial Corp now owns 129,461 shares of the electronics maker's stock worth $18,509,000 after buying an additional 31,991 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of TE Connectivity by 67.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 44,271 shares of the electronics maker's stock worth $6,329,000 after buying an additional 17,866 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of TE Connectivity during the 4th quarter worth approximately $237,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of TE Connectivity by 14.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,634 shares of the electronics maker's stock worth $949,000 after buying an additional 841 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Transactions at TE Connectivity

In related news, CFO Heath A. Mitts sold 37,844 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $153.33, for a total transaction of $5,802,620.52. Following the completion of the sale, the chief financial officer now owns 45,503 shares of the company's stock, valued at approximately $6,976,974.99. This represents a 45.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction that occurred on 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 directly owns 5,927 shares of the company's stock, valued at $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 worth $27,062,559 in the last three months. Company insiders own 0.90% of the company's stock.

TE Connectivity Trading Down 1.4%

NYSE:TEL traded down $2.19 on Friday, reaching $159.37. The stock had a trading volume of 261,120 shares, compared to its average volume of 1,697,962. The company has a market cap of $47.26 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 2.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The firm's fifty day moving average is $144.59 and its two-hundred day moving average is $147.15. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $164.11.

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, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 EPS. Equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

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

Analysts Set New Price Targets

TEL has been the subject of several research reports. 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. Vertical Research upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a research report on Friday, April 25th. Truist Financial reduced their price target on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. UBS Group boosted their price objective on shares of TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday. Finally, HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.50.

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.