Daiwa Securities Group Inc. Buys 85 Shares of TE Connectivity Ltd. (NYSE:TEL)

Daiwa Securities Group Inc. raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 37,597 shares of the electronics maker’s stock after acquiring an additional 85 shares during the period. Daiwa Securities Group Inc.’s holdings in TE Connectivity were worth $5,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in TE Connectivity by 358.5% during 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 in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $30,000. Arlington Trust Co LLC acquired a new stake in shares of TE Connectivity during the 3rd quarter worth approximately $35,000. Money Concepts Capital Corp increased its position in shares of 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 purchasing an additional 162 shares during the period. 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 purchasing an additional 210 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $140.55 on Friday. The stock has a market capitalization of $43.68 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $147.98. The firm has a 50 day moving average of $142.65 and a 200-day moving average of $135.52.

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

TE Connectivity Dividend Announcement

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

Insider Buying and Selling at TE Connectivity

In other news, insider Steven T. Merkt sold 99,777 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the transaction, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TEL shares. JPMorgan Chase & Co. lifted their price target on shares of TE Connectivity from $169.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Robert W. Baird increased their price target on shares of TE Connectivity from $147.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Truist Financial raised their price target on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group started coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has a consensus 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.