Natixis Advisors L.P. Purchases 5,838 Shares of TE Connectivity Ltd. (NYSE:TEL)

Natixis Advisors L.P. raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,318 shares of the electronics maker's stock after purchasing an additional 5,838 shares during the period. Natixis Advisors L.P.'s holdings in TE Connectivity were worth $16,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Heritage Wealth Management LLC acquired a new position in TE Connectivity during the fourth quarter valued at approximately $1,584,000. Robertson Stephens Wealth Management LLC acquired a new position in TE Connectivity during the fourth quarter valued at approximately $485,000. First Trust Direct Indexing L.P. boosted its position in shares of TE Connectivity by 18.5% in the fourth quarter. First Trust Direct Indexing L.P. now owns 11,806 shares of the electronics maker's stock valued at $1,659,000 after acquiring an additional 1,844 shares during the period. Victory Capital Management Inc. boosted its position in shares of TE Connectivity by 132.8% in the fourth quarter. Victory Capital Management Inc. now owns 154,449 shares of the electronics maker's stock valued at $21,700,000 after acquiring an additional 88,100 shares during the period. Finally, Arnhold LLC bought a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Activity at TE Connectivity

In related news, Director Mark Trudeau sold 7,044 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares in the company, valued at approximately $837,196.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by insiders.

TE Connectivity Trading Up 0.7 %

Shares of TEL stock traded up $1.02 on Tuesday, reaching $143.24. The company had a trading volume of 915,004 shares, compared to its average volume of 2,167,858. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The stock has a market cap of $43.86 billion, a PE ratio of 13.01, a PEG ratio of 2.09 and a beta of 1.36. The company has a 50-day moving average of $142.45 and a 200-day moving average of $137.12. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $147.98.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. TE Connectivity's revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 7.51 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.82%. TE Connectivity's dividend payout ratio is presently 21.59%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TEL shares. Truist Financial increased their price objective on TE Connectivity from $148.00 to $153.00 and gave the company a "hold" rating in a research report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They set a "buy" rating and a $180.00 price target on the stock. StockNews.com initiated coverage on shares of TE Connectivity in a research note on Tuesday, April 30th. They set a "buy" rating on the stock. The Goldman Sachs Group restated a "buy" rating on shares of TE Connectivity in a research note on Monday, April 1st. Finally, Robert W. Baird reduced their target price on shares of TE Connectivity from $159.00 to $158.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.89.

TE Connectivity 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.