TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,637 shares of the electronics maker’s stock after acquiring an additional 13,188 shares during the period. Federated Hermes Inc.’s holdings in TE Connectivity were worth $12,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TEL. Jones Financial Companies Lllp grew its stake in TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in TE Connectivity in the 4th quarter valued at about $30,000. Arlington Trust Co LLC acquired a new stake in TE Connectivity in the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC grew its stake in TE Connectivity by 176.5% in the 4th 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 last quarter. Finally, BKM Wealth Management LLC acquired a new stake in TE Connectivity in the 4th quarter valued at about $48,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Trading Down 0.4 %

Shares of TEL stock opened at $143.14 on Wednesday. The firm has a market cap of $44.49 billion, a P/E ratio of 13.58, a PEG ratio of 2.04 and a beta of 1.39. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $147.98. 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’s 50-day simple moving average is $142.71 and its 200-day simple moving average is $136.00.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 7.59 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced 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 1.82%. The ex-dividend date is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 22.39%.

Insider Buying and Selling

In related news, insider Steven T. Merkt sold 99,777 shares of the 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 sale, the insider now owns 30,459 shares of the company’s stock, valued at approximately $4,386,096. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TEL shares. Truist Financial upped their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Robert W. Baird upped 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. Stifel Nicolaus upped their target price on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Citigroup started coverage on shares of TE Connectivity in a report on Friday, January 5th. They issued a “neutral” rating and a $146.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus target price of $153.30.

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.