TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,481 shares of the electronics maker’s stock after selling 671 shares during the period. Dana Investment Advisors Inc.’s holdings in TE Connectivity were worth $784,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity during the 4th quarter worth $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after buying an additional 107 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $44,000. Hilltop National Bank acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $55,000. Finally, Deseret Mutual Benefit Administrators acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $57,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Up 2.4 %

TEL stock opened at $150.90 on Friday. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98. The company has a market capitalization of $45.02 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The firm’s 50-day moving average is $148.30 and its two-hundred day moving average is $148.77. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm earned $1.84 EPS. TE Connectivity’s revenue was up .1% on a year-over-year basis. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TEL has been the subject of several research reports. Truist Financial decreased their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. HSBC raised shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target for the company in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Robert W. Baird lifted their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $167.00.

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.