Cambridge Trust Co. Sells 1,004 Shares of TE Connectivity Ltd. (NYSE:TEL)

Cambridge Trust Co. cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 54.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 846 shares of the electronics maker’s stock after selling 1,004 shares during the quarter. Cambridge Trust Co.’s holdings in TE Connectivity were worth $119,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in TE Connectivity during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp lifted its position in TE Connectivity by 358.5% in the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after buying an additional 190 shares during the last quarter. Arlington Trust Co LLC purchased a new position in TE Connectivity during the third quarter worth $35,000. Money Concepts Capital Corp increased its position in TE Connectivity by 101.3% during the fourth quarter. Money Concepts Capital Corp now owns 322 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 162 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of TE Connectivity by 176.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock valued at $46,000 after acquiring an additional 210 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.0 %

Shares of TE Connectivity stock opened at $140.55 on Friday. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $147.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16. The stock has a market cap of $43.68 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 2.00 and a beta of 1.39. The firm’s 50-day moving average is $142.65 and its two-hundred day moving average is $135.52.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.13. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. As a group, research analysts expect that TE Connectivity Ltd. will post 7.59 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s payout ratio is 22.39%.

Insider Buying and Selling

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of TE Connectivity stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the transaction, the insider now owns 30,459 shares in the company, valued at $4,386,096. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TEL shares. Stifel Nicolaus upped their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Truist Financial raised their price target on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. StockNews.com began coverage on TE Connectivity in a research report on Sunday, April 14th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group assumed coverage on TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $153.30.

About TE Connectivity

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.