Bailard Inc. Sells 529 Shares of TE Connectivity Ltd. (NYSE:TEL)

Bailard Inc. lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,181 shares of the electronics maker’s stock after selling 529 shares during the period. Bailard Inc.’s holdings in TE Connectivity were worth $1,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lee Danner & Bass Inc. raised its position in TE Connectivity by 2.5% in the fourth quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock valued at $433,000 after purchasing an additional 74 shares during the period. Vista Investment Management lifted its stake in shares of TE Connectivity by 0.7% in the third quarter. Vista Investment Management now owns 11,970 shares of the electronics maker’s stock worth $1,479,000 after buying an additional 84 shares during the last quarter. Bison Wealth LLC grew its holdings in TE Connectivity by 1.4% during the 3rd quarter. Bison Wealth LLC now owns 6,576 shares of the electronics maker’s stock worth $812,000 after acquiring an additional 88 shares during the last quarter. Caprock Group LLC grew its stake in shares of TE Connectivity by 1.6% during the 4th quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock worth $784,000 after acquiring an additional 88 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in TE Connectivity by 14.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 756 shares of the electronics maker’s stock valued at $92,000 after acquiring an additional 94 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 0.1 %

NYSE TEL traded up $0.21 on Friday, reaching $140.69. 640,031 shares of the stock traded hands, compared to its average volume of 2,193,845. The company has a fifty day moving average price of $142.59 and a 200-day moving average price of $136.06. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $147.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.45. The company has a market cap of $43.73 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.99 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.03. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 EPS. As a group, research analysts forecast that TE Connectivity Ltd. will post 7.59 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.85%. TE Connectivity’s payout ratio is currently 21.59%.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $144.00, for a total value 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 approximately $4,386,096. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Truist Financial boosted their price target on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. cut their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup initiated coverage on shares of TE Connectivity in a research report on Friday, January 5th. They issued a “neutral” rating and a $146.00 target price for the company. Finally, Robert W. Baird cut their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.50.

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.