Kovitz Investment Group Partners LLC Has $949,000 Stake in TE Connectivity Ltd. (NYSE:TEL)

Kovitz Investment Group Partners LLC decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 50.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,636 shares of the electronics maker's stock after selling 6,696 shares during the period. Kovitz Investment Group Partners LLC's holdings in TE Connectivity were worth $949,000 as of its most recent filing with the SEC.

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

TE Connectivity Trading Up 0.6 %

Shares of NYSE TEL traded up $0.86 during midday trading on Monday, reaching $150.79. The stock had a trading volume of 333,857 shares, compared to its average volume of 1,679,470. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $159.98. 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 company's 50 day moving average price is $140.68 and its 200 day moving average price is $146.05. The firm has a market cap of $44.72 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last issued 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.86 EPS. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 1.88%. TE Connectivity's payout ratio is 62.42%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TEL shares. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a report on Friday, April 25th. Truist Financial cut their target price on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Bank of America increased their price target on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. UBS Group restated a "buy" rating and set a $163.00 price objective (up previously from $155.00) on shares of TE Connectivity in a research report on Thursday, April 24th. Finally, StockNews.com lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $159.50.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the sale, the insider now directly owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company's stock.

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.