TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,629 shares of the electronics maker’s stock after selling 95 shares during the period. Bleakley Financial Group LLC’s holdings in TE Connectivity were worth $369,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Meeder Advisory Services Inc. boosted its stake in shares of TE Connectivity by 7.2% during the fourth quarter. Meeder Advisory Services Inc. now owns 6,162 shares of the electronics maker’s stock worth $866,000 after buying an additional 412 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of TE Connectivity by 2.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 65,795 shares of the electronics maker’s stock worth $9,244,000 after buying an additional 1,843 shares during the period. Smith Salley & Associates raised its holdings in TE Connectivity by 2.4% during the fourth quarter. Smith Salley & Associates now owns 64,757 shares of the electronics maker’s stock worth $9,098,000 after purchasing an additional 1,488 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in TE Connectivity during the fourth quarter worth about $271,000. Finally, Nilsine Partners LLC raised its holdings in TE Connectivity by 7.4% during the fourth quarter. Nilsine Partners LLC now owns 2,257 shares of the electronics maker’s stock worth $317,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

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

Analyst Upgrades and Downgrades

TEL has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Truist Financial increased their price target on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. increased their price target on shares of TE Connectivity from $169.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group assumed coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. Finally, Robert W. Baird increased their target price on shares of TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.30.

TE Connectivity Trading Down 2.5 %

Shares of TEL opened at $142.98 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $142.73 and a 200-day simple moving average of $135.06. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $147.98. The stock has a market cap of $44.44 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39.

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

TE Connectivity Dividend Announcement

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

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.