National Bank of Canada FI Has $19.23 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

National Bank of Canada FI lessened its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,413 shares of the electronics maker's stock after selling 21,084 shares during the quarter. National Bank of Canada FI's holdings in TE Connectivity were worth $19,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TEL. Jones Financial Companies Lllp raised its holdings in TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker's stock worth $30,000 after purchasing an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of TE Connectivity in the fourth quarter worth about $30,000. Wetzel Investment Advisors Inc. purchased a new position in shares of TE Connectivity in the fourth quarter valued at $45,000. Exchange Traded Concepts LLC boosted its position in shares of TE Connectivity by 176.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker's stock valued at $46,000 after acquiring an additional 210 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth about $48,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Trading Up 1.1 %

TEL stock traded up $1.56 during mid-day trading on Wednesday, reaching $144.80. The company had a trading volume of 1,279,875 shares, compared to its average volume of 2,163,551. The firm has a 50 day moving average of $142.44 and a 200 day moving average of $137.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $147.98. The company has a market capitalization of $44.34 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36.

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

TE Connectivity Announces Dividend

The business 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 dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity's payout ratio is currently 21.59%.

Insider Buying and Selling at TE Connectivity

In other news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the sale, the director now owns 5,917 shares in the company, valued at approximately $837,196.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TEL shares. Robert W. Baird lowered their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research report on Monday, April 1st. Truist Financial lifted their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a "hold" rating in a research note on Thursday, January 25th. Stifel Nicolaus upped their price objective on shares of TE Connectivity from $140.00 to $145.00 and gave the company a "hold" rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on TE Connectivity in a report on Tuesday, April 9th. They issued a "buy" rating and a $180.00 price objective for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and a consensus price target of $153.89.

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.