2 weeks Ago By ABMN Staff
Federated Hermes Inc. raised its position in TE Connectivity Ltd. ( NYSE:TEL – Free Report ) by 863.
4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,185 shares of the electronics maker’s stock after acquiring an additional 1,062 shares during the quarter. Federated Hermes Inc.
’s holdings in TE Connectivity were worth $169,000 at the end of the most recent reporting period. A number of other institutional investors have also recently made changes to their positions in TEL. Pinnacle Bancorp Inc.
purchased a new position in TE Connectivity in the 4th quarter valued at $26,000. SRS Capital Advisors Inc. boosted its position in TE Connectivity by 117.
6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 107 shares during the last quarter.
Fairway Wealth LLC purchased a new stake in TE Connectivity during the 4th quarter valued at about $43,000. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $44,000. Finally, Hilltop National Bank purchased a new stake in TE Connectivity in the 4th quarter valued at $55,000.
91.43% of the stock is owned by institutional investors and hedge funds. TE Connectivity Trading Up 1.
8 % NYSE:TEL opened at $129.23 on Friday. The company has a current ratio of 1.
68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.
The stock’s 50 day simple moving average is $142.92 and its 200-day simple moving average is $146.36.
TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $159.
98. The firm has a market cap of $38.56 billion, a P/E ratio of 20.
64, a PEG ratio of 2.11 and a beta of 1.25.
TE Connectivity Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.71 dividend.
This represents a $2.84 dividend on an annualized basis and a yield of 2.20%.
The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65.
TE Connectivity’s payout ratio is currently 45.37%. Analyst Ratings Changes TEL has been the subject of a number of recent analyst reports.
UBS Group cut their price target on shares of TE Connectivity from $188.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, April 10th.
HSBC raised shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective for the company in a research note on Thursday, January 23rd. Robert W.
Baird cut their price target on TE Connectivity from $150.00 to $147.00 and set an “outperform” rating on the stock in a report on Tuesday.
Wells Fargo & Company raised their price objective 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.
Finally, JPMorgan Chase & Co. dropped their price target on shares of TE Connectivity from $169.00 to $146.
00 and set a “neutral” rating on the stock in a research note on Thursday. Seven 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, the stock currently has a consensus rating of “Hold” and an average target price of $156.
90. Get Our Latest Stock Report on TEL Insider Transactions at TE Connectivity In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction on Tuesday, March 4th.
The stock was sold at an average price of $146.77, for a total value of $3,669,250.00.
Following the completion of the transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. This represents a 49.
04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Company insiders own 0.
90% of the company’s stock. TE Connectivity Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd.
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