TE Connectivity Ltd. $TEL Stock: Compass Wealth Management LLC Reduces Holdings

Compass Wealth Management LLC lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 48.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,109 shares of the electronics maker’s stock after selling 5,815 shares during the quarter. Compass Wealth Management LLC’s holdings in TE Connectivity were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEL. Benjamin Edwards Inc. boosted its stake in shares of TE Connectivity by 324.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker’s stock valued at $12,574,000 after buying an additional 47,691 shares during the period. Hsbc Holdings PLC raised its holdings in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after acquiring an additional 23,074 shares in the last quarter. QRG Capital Management Inc. raised its holdings in TE Connectivity by 8.1% in the second quarter. QRG Capital Management Inc. now owns 154,278 shares of the electronics maker’s stock valued at $31,104,000 after acquiring an additional 11,519 shares in the last quarter. Seascape Capital Management purchased a new position in TE Connectivity in the first quarter worth approximately $2,256,000. Finally, State Street Corp lifted its stake in TE Connectivity by 5.7% in the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after acquiring an additional 730,084 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. HSBC lowered their target price on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Truist Financial dropped their target price on TE Connectivity from $240.00 to $215.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Jefferies Financial Group cut their price target on TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group increased their price objective on TE Connectivity from $284.00 to $288.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.07.

TE Connectivity Stock Down 2.7%

Shares of NYSE:TEL opened at $208.24 on Friday. The firm has a 50 day simple moving average of $210.00 and a 200-day simple moving average of $210.48. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $60.29 billion, a PE ratio of 20.42, a P/E/G ratio of 1.26 and a beta of 1.14.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the firm posted $2.27 EPS. The company’s revenue was up 13.8% on a year-over-year basis. On average, equities analysts predict that TE Connectivity Ltd. will post 11.46 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s payout ratio is 30.59%.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.