Wayfinding Financial LLC Invests $209,000 in TE Connectivity Ltd. (NYSE:TEL)

Wayfinding Financial LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,464 shares of the electronics maker’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in TE Connectivity by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 116,966 shares of the electronics maker’s stock worth $17,661,000 after buying an additional 889 shares during the period. King Luther Capital Management Corp boosted its holdings in TE Connectivity by 2.1% in the 3rd quarter. King Luther Capital Management Corp now owns 13,923 shares of the electronics maker’s stock worth $2,102,000 after buying an additional 288 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in TE Connectivity by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,762,099 shares of the electronics maker’s stock worth $266,059,000 after buying an additional 9,864 shares during the period. First County Bank CT boosted its holdings in TE Connectivity by 27.8% in the 3rd quarter. First County Bank CT now owns 2,571 shares of the electronics maker’s stock worth $388,000 after buying an additional 559 shares during the period. Finally, Studio Investment Management LLC boosted its holdings in TE Connectivity by 6.4% in the 3rd quarter. Studio Investment Management LLC now owns 2,520 shares of the electronics maker’s stock worth $380,000 after buying an additional 152 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Down 0.1 %

Shares of NYSE:TEL opened at $146.10 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The company has a 50-day moving average price of $148.91 and a 200 day moving average price of $148.33. The company has a market cap of $43.59 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.71 dividend. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s dividend payout ratio is 45.37%.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,812,497.52. This represents a 49.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on TEL shares. Citigroup upped their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Robert W. Baird upped their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Truist Financial dropped their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Bank of America increased their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.00.

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.