OneDigital Investment Advisors LLC Purchases 1,999 Shares of TE Connectivity Ltd. (NYSE:TEL)

OneDigital Investment Advisors LLC grew its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 36.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,476 shares of the electronics maker’s stock after acquiring an additional 1,999 shares during the period. OneDigital Investment Advisors LLC’s holdings in TE Connectivity were worth $1,129,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in TE Connectivity by 209.8% in the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after buying an additional 128 shares during the period. Olistico Wealth LLC bought a new position in shares of TE Connectivity during the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. lifted its stake in TE Connectivity by 208.3% in the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 150 shares during the period. Bank & Trust Co bought a new stake in TE Connectivity in the second quarter valued at $35,000. Finally, Wolff Wiese Magana LLC increased its position in TE Connectivity by 2,450.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 245 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Trading Up 0.0 %

Shares of NYSE TEL opened at $148.36 on Tuesday. The firm’s 50 day moving average price is $148.57 and its 200-day moving average price is $149.42. TE Connectivity Ltd. has a 52-week low of $128.52 and a 52-week high of $159.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61. The company has a market cap of $44.38 billion, a PE ratio of 14.45, a P/E/G ratio of 2.02 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.95. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.13 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has approved a share repurchase program on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

TE Connectivity Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $0.65 dividend. This represents a yield of 1.75%. The ex-dividend date is Friday, November 22nd. TE Connectivity’s dividend payout ratio (DPR) is 25.32%.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of research reports. Robert W. Baird lifted their target price on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. StockNews.com began coverage on TE Connectivity in a report on Saturday. They set a “buy” rating on the stock. Truist Financial raised their target price on TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. HSBC cut TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price target on the stock. in a research note on Thursday, October 31st. Finally, Bank of America dropped their target price on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $159.55.

TE Connectivity 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.