Haverford Trust Co Increases Holdings in TE Connectivity Ltd. (NYSE:TEL)

Haverford Trust Co lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,865 shares of the electronics maker's stock after buying an additional 49,279 shares during the period. Haverford Trust Co owned approximately 0.06% of TE Connectivity worth $26,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Heartland Advisors Inc. lifted its holdings in TE Connectivity by 50.3% during the fourth quarter. Heartland Advisors Inc. now owns 55,996 shares of the electronics maker's stock valued at $7,867,000 after purchasing an additional 18,747 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in TE Connectivity by 19.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 20,161 shares of the electronics maker's stock worth $2,833,000 after buying an additional 3,223 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in TE Connectivity by 5.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 308,342 shares of the electronics maker's stock worth $42,283,000 after buying an additional 15,474 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TE Connectivity by 2.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,632,809 shares of the electronics maker's stock valued at $650,910,000 after acquiring an additional 111,340 shares during the period. Finally, Gratus Capital LLC lifted its position in shares of TE Connectivity by 10.5% in the fourth quarter. Gratus Capital LLC now owns 20,763 shares of the electronics maker's stock valued at $2,917,000 after acquiring an additional 1,974 shares in the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research note on Monday, April 1st. StockNews.com initiated coverage on shares of TE Connectivity in a report on Thursday. They issued a "buy" rating on the stock. Truist Financial raised their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the company a "hold" rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. decreased their price target on shares of TE Connectivity from $170.00 to $169.00 and set a "neutral" rating on the stock in a research note on Thursday, April 25th. Finally, Robert W. Baird cut their price objective on TE Connectivity from $159.00 to $158.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and an average price target of $153.89.

Insider Buying and Selling

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the company's stock in a transaction 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 transaction, the director now owns 5,917 shares of the company's stock, valued at approximately $837,196.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

TE Connectivity Trading Down 0.1 %

Shares of NYSE:TEL traded down $0.08 during trading on Friday, reaching $151.01. The company's stock had a trading volume of 1,027,759 shares, compared to its average volume of 2,100,133. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $152.14. 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 firm's 50 day simple moving average is $143.23 and its two-hundred day simple moving average is $138.54. The stock has a market capitalization of $46.24 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.36.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The business had revenue of $3.97 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the previous year, the business posted $1.65 earnings per share. The business's revenue was down 4.6% compared to the same quarter last year. On average, research analysts predict that TE Connectivity Ltd. will post 7.5 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.65 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.72%. TE Connectivity's payout ratio is 21.59%.

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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