Hsbc Holdings PLC lifted its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 413.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,988 shares of the electronics maker's stock after purchasing an additional 207,715 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of TE Connectivity worth $36,965,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in TE Connectivity during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. raised its holdings in shares of TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after buying an additional 107 shares during the period. Fairway Wealth LLC bought a new stake in shares of TE Connectivity during the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC purchased a new position in TE Connectivity during the 4th quarter valued at $44,000. Finally, Hilltop National Bank bought a new position in TE Connectivity in the 4th quarter valued at $55,000. 91.43% of the stock is currently owned by institutional investors.
TE Connectivity Stock Down 0.2 %
TEL traded down $0.27 on Wednesday, hitting $144.98. The company had a trading volume of 1,071,410 shares, compared to its average volume of 1,884,804. The stock has a market capitalization of $43.26 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 2.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The stock has a fifty day moving average price of $141.02 and a 200-day moving average price of $146.04. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $159.98.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.96 by $0.14. The firm had revenue of $4.14 billion during 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%. TE Connectivity's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 EPS. Analysts predict 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. Investors 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. This represents a $2.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.
Insider Transactions at TE Connectivity
In other news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total value of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. This represents a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on TEL. Robert W. Baird raised their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target 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. The Goldman Sachs Group dropped their price objective on TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Bank of America lifted their target price on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.50.
Check Out Our Latest Report on TE Connectivity
TE Connectivity Company Profile
(
Free Report)
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.
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