Dimensional Fund Advisors LP Has $306.72 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Dimensional Fund Advisors LP cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,533,594 shares of the electronics maker’s stock after selling 46,112 shares during the period. Dimensional Fund Advisors LP owned 0.77% of TE Connectivity worth $306,718,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of TE Connectivity by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,247,904 shares of the electronics maker’s stock valued at $151,084,000 after buying an additional 50,901 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of TE Connectivity by 0.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 292,553 shares of the electronics maker’s stock valued at $35,419,000 after buying an additional 2,100 shares during the last quarter. ING Groep NV lifted its position in shares of TE Connectivity by 200.4% in the fourth quarter. ING Groep NV now owns 21,938 shares of the electronics maker’s stock valued at $2,656,000 after buying an additional 14,634 shares during the last quarter. LPL Financial LLC lifted its position in shares of TE Connectivity by 19.5% in the fourth quarter. LPL Financial LLC now owns 76,803 shares of the electronics maker’s stock valued at $9,299,000 after buying an additional 12,539 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $249,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity stock opened at $133.79 on Wednesday. The stock’s fifty day moving average price is $132.15 and its two-hundred day moving average price is $123.80. TE Connectivity Ltd. has a one year low of $66.61 and a one year high of $138.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.57 and a quick ratio of 1.04. The firm has a market cap of $44.18 billion, a PE ratio of -185.82, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Tuesday, April 20th. The electronics maker reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.09. TE Connectivity had a positive return on equity of 14.86% and a negative net margin of 1.98%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the company earned $1.29 EPS. The company’s revenue was up 17.0% on a year-over-year basis. Sell-side analysts expect that TE Connectivity Ltd. will post 5.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 4th. Stockholders of record on Friday, February 18th will be paid a $0.50 dividend. The ex-dividend date is Thursday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. TE Connectivity’s payout ratio is 45.07%.

In other news, SVP Robert J. Ott sold 32,500 shares of TE Connectivity stock in a transaction on Friday, February 19th. The stock was sold at an average price of $131.50, for a total value of $4,273,750.00. Following the transaction, the senior vice president now owns 37,357 shares in the company, valued at approximately $4,912,445.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven T. Merkt sold 142,545 shares of TE Connectivity stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $130.53, for a total value of $18,606,398.85. Following the completion of the transaction, the insider now owns 115,450 shares in the company, valued at approximately $15,069,688.50. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

A number of analysts have recently issued reports on TEL shares. Truist Securities raised their price objective on TE Connectivity from $131.00 to $139.00 and gave the company a “hold” rating in a research report on Wednesday, April 28th. Morgan Stanley increased their target price on TE Connectivity from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 28th. Jefferies Financial Group increased their target price on TE Connectivity from $156.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. Oppenheimer increased their target price on TE Connectivity from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Finally, Royal Bank of Canada increased their target price on TE Connectivity from $149.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $216.40.

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 AsiaƂ-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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