TE Connectivity Ltd. (NYSE:TEL) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bruce G. Allen Investments LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its stake in TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 190 shares during the last quarter. Arlington Trust Co LLC bought a new position in TE Connectivity during the 3rd quarter valued at $35,000. Money Concepts Capital Corp increased its position in shares of TE Connectivity by 101.3% in the 4th quarter. Money Concepts Capital Corp now owns 322 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 162 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position 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 worth $46,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

TEL stock opened at $140.55 on Friday. The stock’s fifty day moving average is $142.65 and its two-hundred day moving average is $135.52. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.86. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $147.98.

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

TE Connectivity Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TEL. StockNews.com initiated coverage on TE Connectivity in a research note on Sunday, April 14th. They issued a “buy” rating for the company. Jefferies Financial Group started coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price for the company. Truist Financial upped their price target on TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Robert W. Baird lifted their price objective on shares of TE Connectivity from $147.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Insider Buying and Selling at TE Connectivity

In other news, insider Steven T. Merkt sold 99,777 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was 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 of the company’s stock, valued at $4,386,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by company insiders.

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.