Donaldson Capital Management LLC Invests $220,000 in TE Connectivity Ltd. (NYSE:TEL)

Donaldson Capital Management LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,568 shares of the electronics maker’s stock, valued at approximately $220,000.

A number of other large investors have also bought and sold shares of the business. IHT Wealth Management LLC lifted its position in shares of TE Connectivity by 3.6% during the second quarter. IHT Wealth Management LLC now owns 2,321 shares of the electronics maker’s stock worth $325,000 after purchasing an additional 80 shares in the last quarter. Vista Investment Management lifted its holdings in TE Connectivity by 0.7% during the 3rd quarter. Vista Investment Management now owns 11,970 shares of the electronics maker’s stock worth $1,479,000 after buying an additional 84 shares in the last quarter. Bison Wealth LLC boosted its position in TE Connectivity by 1.4% in the 3rd quarter. Bison Wealth LLC now owns 6,576 shares of the electronics maker’s stock valued at $812,000 after buying an additional 88 shares during the last quarter. Caprock Group LLC increased its stake in shares of TE Connectivity by 1.6% in the 4th quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock valued at $784,000 after buying an additional 88 shares during the period. Finally, GHP Investment Advisors Inc. raised its position in shares of TE Connectivity by 14.2% during the third quarter. GHP Investment Advisors Inc. now owns 756 shares of the electronics maker’s stock worth $92,000 after acquiring an additional 94 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TEL has been the topic of several recent research reports. Citigroup assumed coverage on TE Connectivity in a report on Friday, January 5th. They issued a “neutral” rating and a $146.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price objective on the stock. Robert W. Baird lifted their target price 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, Truist Financial raised their price objective on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.30.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $142.79 on Wednesday. The stock has a market capitalization of $44.38 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.02 and a beta of 1.39. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $147.98. The stock has a 50 day moving average price of $142.78 and a 200 day moving average price of $135.32. 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 (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, beating the consensus estimate of $1.71 by $0.13. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 EPS. Analysts predict that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.82%. TE Connectivity’s dividend payout ratio is presently 22.39%.

Insider Activity

In related 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 transaction of $14,367,888.00. Following the completion of the transaction, the insider now owns 30,459 shares in the company, valued at $4,386,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by insiders.

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.