Farther Finance Advisors LLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 127.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,351 shares of the electronics maker’s stock after buying an additional 3,002 shares during the quarter. Farther Finance Advisors LLC’s holdings in TE Connectivity were worth $1,175,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Dakota Community Bank & Trust NA boosted its stake in TE Connectivity by 5.4% in the third quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock valued at $209,000 after acquiring an additional 49 shares during the period. Security National Bank of SO Dak raised its position in shares of TE Connectivity by 0.5% during the 2nd quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after purchasing an additional 50 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of TE Connectivity by 1.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,349 shares of the electronics maker’s stock worth $565,000 after purchasing an additional 52 shares during the last quarter. Rossby Financial LCC boosted its position in TE Connectivity by 6.0% during the 2nd quarter. Rossby Financial LCC now owns 1,000 shares of the electronics maker’s stock valued at $169,000 after purchasing an additional 57 shares during the period. Finally, Premier Path Wealth Partners LLC grew its stake in TE Connectivity by 2.8% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,061 shares of the electronics maker’s stock worth $348,000 after buying an additional 57 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.
TE Connectivity Price Performance
Shares of TE Connectivity stock opened at $232.18 on Monday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The stock has a market cap of $68.31 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The company’s 50-day moving average price is $233.74 and its two-hundred day moving average price is $210.73.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s payout ratio is 46.18%.
Insider Buying and Selling at TE Connectivity
In other news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have recently commented on TEL shares. Citigroup upped their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Evercore ISI boosted their price objective on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Truist Financial upped their price objective on shares of TE Connectivity from $239.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, December 19th. TD Cowen increased their target price on shares of TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.85.
View Our Latest Research Report on TE Connectivity
About TE Connectivity
TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.
The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.
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