TE Connectivity Ltd. (NYSE:TEL) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,632,809 shares of the electronics maker's stock after purchasing an additional 111,340 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.49% of TE Connectivity worth $650,910,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. JFS Wealth Advisors LLC grew its holdings in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker's stock worth $26,000 after acquiring an additional 91 shares during the period. Jones Financial Companies Lllp boosted its position in shares of TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker's stock worth $30,000 after buying an additional 190 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in TE Connectivity in the 4th quarter valued at about $30,000. EdgeRock Capital LLC acquired a new position in TE Connectivity during the fourth quarter worth about $41,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of TE Connectivity in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Buying and Selling

In related news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction dated 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 owns 5,917 shares of the company's stock, valued at $837,196.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

TE Connectivity Trading Up 1.1 %

NYSE:TEL traded up $1.65 on Monday, hitting $147.84. 1,275,846 shares of the stock were exchanged, compared to its average volume of 2,136,254. The stock has a market cap of $45.27 billion, a PE ratio of 13.53, a PEG ratio of 2.16 and a beta of 1.36. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $147.98. 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 fifty day moving average of $142.58 and a 200-day moving average of $137.91.

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

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.76%. TE Connectivity's dividend payout ratio (DPR) is currently 21.59%.

Analysts Set New Price Targets

A number of brokerages have commented on TEL. Robert W. Baird lowered their target price on TE Connectivity from $159.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Truist Financial raised their price target 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. JPMorgan Chase & Co. decreased their target price on shares of TE Connectivity from $170.00 to $169.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. StockNews.com assumed coverage on TE Connectivity in a report on Wednesday, May 8th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research note on Monday, April 1st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.

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