TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Lipe & Dalton

Lipe & Dalton lessened its position in TE Connectivity Ltd. (NYSE:TEL) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,723 shares of the electronics maker’s stock after selling 825 shares during the period. TE Connectivity accounts for about 3.0% of Lipe & Dalton’s portfolio, making the stock its 9th biggest holding. Lipe & Dalton’s holdings in TE Connectivity were worth $5,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $10,759,000. Nordea Investment Management AB grew its position in shares of TE Connectivity by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock valued at $114,430,000 after buying an additional 41,198 shares during the last quarter. SG Americas Securities LLC grew its position in shares of TE Connectivity by 518.3% in the 4th quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock valued at $21,876,000 after buying an additional 130,515 shares during the last quarter. Patten Group Inc. bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $220,000. Finally, Asio Capital LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $2,150,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.6 %

NYSE:TEL traded up $0.83 on Tuesday, hitting $142.85. The stock had a trading volume of 1,794,691 shares, compared to its average volume of 2,107,385. The company has a market cap of $44.40 billion, a PE ratio of 13.47, a P/E/G ratio of 2.04 and a beta of 1.39. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $147.98. The business’s fifty day moving average is $142.76 and its 200 day moving average is $135.19. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, topping the consensus estimate 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 return on equity of 18.93% and a net margin of 20.69%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 earnings per share. On average, equities research analysts expect that TE Connectivity Ltd. will post 7.57 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business 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 $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 22.39%.

Insider Activity at TE Connectivity

In related news, insider Steven T. Merkt sold 99,777 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 30,459 shares of the company’s stock, valued at $4,386,096. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TEL. JPMorgan Chase & Co. upped their target price on TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Robert W. Baird upped their target price on TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Truist Financial upped their target price on TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Stifel Nicolaus upped their target price on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.30.

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.