Clarius Group LLC Sells 142 Shares of TE Connectivity Ltd. (NYSE:TEL)

Clarius Group LLC decreased its stake in TE Connectivity Ltd. (NYSE:TEL) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,053 shares of the electronics maker’s stock after selling 142 shares during the period. Clarius Group LLC’s holdings in TE Connectivity were worth $288,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its holdings in shares of TE Connectivity by 3.6% in the 2nd quarter. IHT Wealth Management LLC now owns 2,321 shares of the electronics maker’s stock worth $325,000 after purchasing an additional 80 shares during the period. Vista Investment Management raised its stake in shares of TE Connectivity by 0.7% in the third quarter. Vista Investment Management now owns 11,970 shares of the electronics maker’s stock valued at $1,479,000 after buying an additional 84 shares during the period. Bison Wealth LLC lifted its position in shares of TE Connectivity by 1.4% during the 3rd quarter. Bison Wealth LLC now owns 6,576 shares of the electronics maker’s stock valued at $812,000 after buying an additional 88 shares during the last quarter. Caprock Group LLC grew its stake in shares of TE Connectivity by 1.6% during the 4th quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock worth $784,000 after acquiring an additional 88 shares during the period. Finally, GHP Investment Advisors Inc. raised its stake in TE Connectivity by 14.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 756 shares of the electronics maker’s stock valued at $92,000 after acquiring an additional 94 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research reports. Truist Financial increased their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Citigroup assumed coverage on shares of TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 price objective for the company. StockNews.com started coverage on TE Connectivity in a report on Sunday. They issued a “buy” rating for the company. Stifel Nicolaus boosted their price objective on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird raised their target price on TE Connectivity from $147.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Insiders Place Their Bets

In other news, insider Steven T. Merkt sold 99,777 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the transaction, the insider now directly owns 30,459 shares in the company, valued at approximately $4,386,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL opened at $142.98 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $142.73 and a 200-day moving average price of $135.06. The company has a market cap of $44.44 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $147.98.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a yield of 1.82%. TE Connectivity’s payout ratio is 22.39%.

About TE Connectivity

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.