Natixis Advisors LLC Increases Stake in TE Connectivity Ltd. (NYSE:TEL)

Natixis Advisors LLC increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,112 shares of the electronics maker’s stock after purchasing an additional 6,394 shares during the period. Natixis Advisors LLC owned approximately 0.05% of TE Connectivity worth $22,748,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in shares of TE Connectivity during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its holdings in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 107 shares during the period. Fairway Wealth LLC bought a new position in TE Connectivity in the 4th quarter valued at $43,000. Golden State Wealth Management LLC purchased a new stake in TE Connectivity in the fourth quarter worth $44,000. Finally, Hilltop National Bank bought a new stake in shares of TE Connectivity during the fourth quarter worth $55,000. 91.43% of the stock is currently owned by 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 shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

TEL stock opened at $146.88 on Tuesday. The firm has a 50-day simple moving average of $148.60 and a two-hundred day simple moving average 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. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The firm has a market cap of $43.82 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. The company had revenue of $3.84 billion during 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%. TE Connectivity’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.71 dividend. 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. This represents a $2.84 dividend on an annualized basis and a yield of 1.93%. TE Connectivity’s dividend payout ratio (DPR) is 45.37%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Citigroup lifted their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Truist Financial dropped their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Bank of America lifted their target price on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $167.00.

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.