Natixis Advisors LLC Boosts Position in TE Connectivity Ltd. (NYSE:TEL)

Natixis Advisors LLC raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 159,112 shares of the electronics maker’s stock after buying an additional 6,394 shares during the quarter. Natixis Advisors LLC’s holdings in TE Connectivity were worth $22,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new stake in TE Connectivity during the 4th quarter worth about $269,000. LBP AM SA boosted its stake in shares of TE Connectivity by 1.1% in the fourth quarter. LBP AM SA now owns 37,054 shares of the electronics maker’s stock worth $5,298,000 after buying an additional 418 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in TE Connectivity during the fourth quarter worth about $16,705,000. Commonwealth Equity Services LLC raised its position in TE Connectivity by 6.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,825 shares of the electronics maker’s stock valued at $2,691,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Impact Capital Partners LLC acquired a new position in TE Connectivity in the fourth quarter valued at approximately $762,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TEL. StockNews.com lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Robert W. Baird raised their target price on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial reduced their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, Citigroup raised their price objective on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, TE Connectivity presently has an average rating of “Hold” and a consensus target price of $167.00.

TE Connectivity Stock Up 0.7 %

NYSE TEL opened at $146.88 on Tuesday. The business has a fifty day moving average price of $148.60 and a 200 day moving average price of $148.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The company has a market cap of $43.82 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. TE Connectivity’s dividend payout ratio (DPR) is currently 45.37%.

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.