Axxcess Wealth Management LLC Purchases 252 Shares of TE Connectivity Ltd. (NYSE:TEL)

Axxcess Wealth Management LLC raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 12.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,241 shares of the electronics maker’s stock after purchasing an additional 252 shares during the quarter. Axxcess Wealth Management LLC’s holdings in TE Connectivity were worth $315,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at $30,000. Jones Financial Companies Lllp boosted its stake in shares of TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 190 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of TE Connectivity in the 4th quarter valued at $45,000. Exchange Traded Concepts LLC boosted its stake in shares of TE Connectivity by 176.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at $48,000. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the sale, the director now directly owns 5,917 shares in the company, valued at approximately $837,196.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TEL shares. Robert W. Baird cut their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Truist Financial increased their price target on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.89.

TE Connectivity Trading Up 1.1 %

NYSE:TEL opened at $144.80 on Thursday. The company has a 50-day moving average price of $142.44 and a 200-day moving average price of $137.30. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $147.98. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The stock has a market cap of $44.34 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 2.09 and a beta of 1.36.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. TE Connectivity’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. Equities analysts predict that TE Connectivity Ltd. will post 7.51 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.80%. TE Connectivity’s payout ratio is 23.79%.

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.