TD Private Client Wealth LLC Sells 131 Shares of TE Connectivity Ltd. (NYSE:TEL)

TD Private Client Wealth LLC decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,382 shares of the electronics maker’s stock after selling 131 shares during the quarter. TD Private Client Wealth LLC’s holdings in TE Connectivity were worth $341,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its position in TE Connectivity by 475.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,141 shares of the electronics maker’s stock worth $592,000 after buying an additional 3,421 shares during the period. Whittier Trust Co. increased its position in TE Connectivity by 979.7% during the fourth quarter. Whittier Trust Co. now owns 9,663 shares of the electronics maker’s stock worth $1,382,000 after acquiring an additional 8,768 shares during the period. Blueshift Asset Management LLC bought a new stake in TE Connectivity in the 4th quarter valued at about $642,000. Sandy Spring Bank grew its position in shares of TE Connectivity by 55.4% during the 4th quarter. Sandy Spring Bank now owns 1,007 shares of the electronics maker’s stock worth $144,000 after purchasing an additional 359 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of TE Connectivity during the fourth quarter worth approximately $6,298,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $149.04 on Tuesday. The company’s 50 day moving average price is $149.07 and its two-hundred day moving average price is $148.35. The firm has a market capitalization of $44.47 billion, a P/E ratio of 23.81, a P/E/G ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a fifty-two week low of $137.61 and a fifty-two week high of $159.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10.

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

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 1.91%. 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 dividend payout ratio (DPR) is 45.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial cut their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Bank of America raised their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $167.00.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

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.