Whipplewood Advisors LLC Buys 3,110 Shares of TE Connectivity Ltd. (NYSE:TEL)

Whipplewood Advisors LLC lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3,455.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,200 shares of the electronics maker's stock after purchasing an additional 3,110 shares during the quarter. Whipplewood Advisors LLC's holdings in TE Connectivity were worth $452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. abrdn plc acquired a new stake in shares of TE Connectivity in the 4th quarter worth approximately $15,739,000. Truist Financial Corp raised its holdings in TE Connectivity by 32.8% during the fourth quarter. Truist Financial Corp now owns 129,461 shares of the electronics maker's stock worth $18,509,000 after purchasing an additional 31,991 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in TE Connectivity by 14.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,634 shares of the electronics maker's stock worth $949,000 after purchasing an additional 841 shares during the period. Venturi Wealth Management LLC boosted its stake in TE Connectivity by 80.6% during the 4th quarter. Venturi Wealth Management LLC now owns 11,821 shares of the electronics maker's stock valued at $1,690,000 after purchasing an additional 5,274 shares in the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV bought a new stake in TE Connectivity in the fourth quarter worth about $243,000. Institutional investors own 91.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TEL. Robert W. Baird raised their price objective on shares of TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. UBS Group lifted their price target on shares of TE Connectivity from $163.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Friday, April 25th. Finally, Wall Street Zen lowered TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 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 stock. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.50.

TE Connectivity Stock Performance

TEL stock traded up $0.20 during mid-day trading on Thursday, reaching $162.27. 1,605,811 shares of the stock traded hands, compared to its average volume of 1,704,835. The business has a 50-day moving average of $145.69 and a two-hundred day moving average of $147.39. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $168.00. The firm has a market capitalization of $48.12 billion, a PE ratio of 25.92, a P/E/G ratio of 2.11 and a beta of 1.24. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26.

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 (EPS) 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 the consensus estimate of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. TE Connectivity's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.86 earnings per share. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently announced 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 represents a $2.84 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling

In related news, 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 value of $500,000.00. Following the sale, the senior vice president now owns 5,927 shares of the company's stock, valued at $948,320. The trade was a 34.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at approximately $4,130,963.28. The trade was a 49.04% 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 $27,369,059 over the last three months. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Company 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.