1,500 Shares in TE Connectivity Ltd. (NYSE:TEL) Bought by Arnhold LLC

Arnhold LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the electronics maker’s stock, valued at approximately $211,000.

A number of other large investors have also recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in TE Connectivity by 3.5% in the third quarter. Invesco Ltd. now owns 4,572,117 shares of the electronics maker’s stock worth $564,794,000 after purchasing an additional 154,496 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TE Connectivity by 3.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,521,469 shares of the electronics maker’s stock worth $558,537,000 after purchasing an additional 145,605 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in TE Connectivity by 1.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock valued at $529,798,000 after acquiring an additional 51,866 shares during the period. Morgan Stanley grew its position in shares of TE Connectivity by 11.7% in the third quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock valued at $461,872,000 after purchasing an additional 390,723 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of TE Connectivity by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 3,006,425 shares of the electronics maker’s stock valued at $371,384,000 after purchasing an additional 110,510 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Price Performance

NYSE TEL traded down $1.35 during trading on Tuesday, reaching $141.47. 2,083,911 shares of the company traded hands, compared to its average volume of 2,211,779. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The stock’s 50 day moving average price is $142.58 and its two-hundred day moving average price is $136.60. The company has a market cap of $43.97 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.06 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.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, analysts anticipate that TE Connectivity Ltd. will post 7.55 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 21.59%.

Insider Activity

In related news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the transaction, the director now owns 5,917 shares in the company, valued at approximately $837,196.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial raised their price target on TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. StockNews.com assumed coverage on TE Connectivity in a research report on Tuesday. They issued a “buy” rating on the stock. Stifel Nicolaus raised their price target on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Finally, Jefferies Financial Group started coverage on TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $153.50.

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.