Financial Engines Advisors L.L.C. Acquires Shares of 1,510 TE Connectivity Ltd. (NYSE:TEL)

Financial Engines Advisors L.L.C. purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,510 shares of the electronics maker’s stock, valued at approximately $216,000.

A number of other large investors have also modified their holdings of TEL. Financial Counselors Inc. increased its holdings in shares of TE Connectivity by 4.6% in the fourth quarter. Financial Counselors Inc. now owns 158,792 shares of the electronics maker’s stock valued at $22,703,000 after purchasing an additional 6,914 shares during the last quarter. UNIVEST FINANCIAL Corp increased its stake in TE Connectivity by 53.0% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 76,096 shares of the electronics maker’s stock worth $10,879,000 after acquiring an additional 26,349 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in TE Connectivity by 67.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 400,892 shares of the electronics maker’s stock valued at $57,316,000 after purchasing an additional 161,595 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of TE Connectivity by 6.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,423 shares of the electronics maker’s stock valued at $775,000 after purchasing an additional 309 shares during the last quarter. Finally, TIAA Trust National Association grew its holdings in shares of TE Connectivity by 8.7% during the 4th quarter. TIAA Trust National Association now owns 3,122 shares of the electronics maker’s stock worth $446,000 after purchasing an additional 251 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the topic of a number of recent analyst reports. Robert W. Baird upped their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Citigroup increased their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Bank of America upped their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective on the stock in a report on Thursday, January 23rd. Finally, Truist Financial dropped their target price on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $167.00.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is currently owned by insiders.

TE Connectivity Trading Down 3.4 %

NYSE TEL opened at $142.04 on Friday. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98. The firm has a 50 day moving average of $149.32 and a two-hundred day moving average of $148.38. The stock has a market capitalization of $42.38 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.00%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s dividend payout ratio is 45.37%.

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.