Nebula Research & Development LLC bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,083 shares of the electronics maker's stock, valued at approximately $441,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity in the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. grew its holdings in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 107 shares in the last quarter. Fairway Wealth LLC acquired a new position in TE Connectivity during the fourth quarter worth $43,000. Golden State Wealth Management LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $44,000. Finally, Hilltop National Bank acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $55,000. Institutional investors own 91.43% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. StockNews.com lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a research note on Friday, April 25th. The Goldman Sachs Group reduced 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. JPMorgan Chase & Co. boosted their target price on TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, Bank of America raised their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and a consensus price target of $159.50.
Check Out Our Latest Stock Report on TEL
TE Connectivity Price Performance
Shares of NYSE:TEL traded up $3.66 during trading on Friday, reaching $150.02. The company had a trading volume of 1,370,342 shares, compared to its average volume of 1,682,679. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $159.98. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $44.49 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a fifty day moving average of $140.68 and a two-hundred day moving average of $146.06.
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 (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 return on equity of 18.82% and a net margin of 12.10%. The company's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share 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 of this dividend is Wednesday, May 21st. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 1.89%. TE Connectivity's payout ratio is currently 62.42%.
Insider Buying and Selling at TE Connectivity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the business'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 value of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company's stock.
TE Connectivity Company Profile
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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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