TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,112 shares of the electronics maker’s stock after purchasing an additional 1,082 shares during the period. TE Connectivity accounts for approximately 2.5% of John G Ullman & Associates Inc.’s portfolio, making the stock its 10th biggest position. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $15,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in TE Connectivity by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock valued at $3,617,824,000 after purchasing an additional 308,580 shares during the last quarter. State Street Corp increased its stake in shares of TE Connectivity by 19.5% in the first quarter. State Street Corp now owns 14,149,636 shares of the electronics maker’s stock worth $1,851,648,000 after purchasing an additional 2,309,835 shares during the period. Geode Capital Management LLC increased its stake in shares of TE Connectivity by 1.2% in the first quarter. Geode Capital Management LLC now owns 5,332,553 shares of the electronics maker’s stock worth $697,471,000 after purchasing an additional 62,134 shares during the period. Norges Bank bought a new position in shares of TE Connectivity in the fourth quarter worth about $584,131,000. Finally, Invesco Ltd. increased its stake in shares of 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 during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial lifted their price objective on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Stifel Nicolaus boosted their price target on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. StockNews.com assumed coverage on TE Connectivity in a research note on Sunday, April 14th. They set a “buy” rating on the stock. Robert W. Baird lifted their price objective on TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.30.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the company’s stock in a transaction on Monday, January 29th. The shares were 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 owns 30,459 shares in the company, valued at approximately $4,386,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

TE Connectivity Trading Up 0.0 %

NYSE:TEL traded up $0.02 during trading hours on Friday, hitting $140.50. 1,654,455 shares of the stock were exchanged, compared to its average volume of 2,098,735. The company’s 50 day moving average is $142.72 and its two-hundred day moving average is $135.40. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $147.98. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $43.67 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.13. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 7.59 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio is 22.39%.

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.