TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Boosted by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 128.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,524 shares of the electronics maker's stock after buying an additional 8,728 shares during the quarter. J. Safra Sarasin Holding AG's holdings in TE Connectivity were worth $2,219,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Modera Wealth Management LLC raised its stake in TE Connectivity by 2.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock worth $409,000 after purchasing an additional 78 shares during the period. King Luther Capital Management Corp grew its position in TE Connectivity by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock valued at $2,002,000 after acquiring an additional 83 shares during the period. Ascent Wealth Partners LLC increased its stake in TE Connectivity by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock worth $1,231,000 after acquiring an additional 85 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of TE Connectivity by 6.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker's stock worth $240,000 after purchasing an additional 95 shares during the period. Finally, Callan Capital LLC grew its holdings in shares of TE Connectivity by 5.4% during the 4th quarter. Callan Capital LLC now owns 2,071 shares of the electronics maker's stock worth $296,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research note on Thursday. UBS Group reiterated a "buy" rating and issued a $163.00 price target (up from $155.00) on shares of TE Connectivity in a report on Thursday. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research note on Friday. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research note on Thursday. Finally, Truist Financial reduced their price target on TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average price target of $159.50.

TE Connectivity Stock Down 0.4 %

Shares of TEL traded down $0.53 during trading on Monday, reaching $143.84. The company's stock had a trading volume of 382,429 shares, compared to its average volume of 1,680,843. The company has a market cap of $42.91 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 2.11 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $141.45 and a two-hundred day moving average of $146.06. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve 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, beating analysts' consensus estimates of $1.96 by $0.14. The firm 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%. On average, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, May 21st. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is currently 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.