Linden Thomas Advisory Services LLC Has $1.03 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Linden Thomas Advisory Services LLC raised its position in TE Connectivity Ltd. (NYSE:TEL) by 10.3% in the 4th quarter, Holdings Channel reports. The firm owned 7,353 shares of the electronics maker’s stock after buying an additional 685 shares during the period. Linden Thomas Advisory Services LLC’s holdings in TE Connectivity were worth $1,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in TE Connectivity in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp lifted its holdings in shares of 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 purchasing an additional 190 shares in the last quarter. Arlington Trust Co LLC bought a new stake in TE Connectivity during the 3rd quarter worth approximately $35,000. Wetzel Investment Advisors Inc. acquired a new stake in TE Connectivity during the 4th quarter worth approximately $45,000. Finally, Exchange Traded Concepts LLC lifted its stake in 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 buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TEL shares. Stifel Nicolaus boosted their price objective on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Citigroup assumed coverage on TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 target price on the stock. Finally, Truist Financial lifted their price objective on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $153.60.

Insider Activity at TE Connectivity

In other news, insider Steven T. Merkt sold 99,777 shares of the firm’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 completion of the sale, the insider now owns 30,459 shares of the company’s stock, valued at approximately $4,386,096. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.

TE Connectivity Trading Down 2.3 %

Shares of TE Connectivity stock opened at $140.00 on Thursday. The firm’s 50-day moving average price is $142.65 and its two-hundred day moving average price is $136.02. The company has a market capitalization of $43.51 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 2.04 and a beta of 1.39. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $147.98. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27.

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

TE Connectivity Announces Dividend

The firm 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 $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio is 22.39%.

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.