RMR Wealth Builders Invests $214,000 in TE Connectivity Ltd. (NYSE:TEL)

RMR Wealth Builders acquired a new position in TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,525 shares of the electronics maker’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of TE Connectivity by 3.5% in the 3rd quarter. Invesco Ltd. now owns 4,572,117 shares of the electronics maker’s stock worth $564,794,000 after purchasing an additional 154,496 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of TE Connectivity by 3.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,521,469 shares of the electronics maker’s stock worth $558,537,000 after purchasing an additional 145,605 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of TE Connectivity by 1.4% in the 4th quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock worth $529,798,000 after purchasing an additional 51,866 shares in the last quarter. Morgan Stanley boosted its position in shares of TE Connectivity by 11.7% in the 3rd quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock worth $461,872,000 after purchasing an additional 390,723 shares in the last quarter. Finally, Northern Trust Corp lifted its position in TE Connectivity by 3.6% during the 3rd quarter. Northern Trust Corp now owns 2,672,201 shares of the electronics maker’s stock worth $330,097,000 after acquiring an additional 93,882 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of TE Connectivity stock traded up $1.56 on Wednesday, hitting $144.80. The company’s stock had a trading volume of 1,277,209 shares, compared to its average volume of 2,163,551. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $147.98. The firm has a fifty day moving average price of $142.44 and a 200-day moving average price of $137.30. The company has a market capitalization of $44.34 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the business earned $1.65 EPS. TE Connectivity’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 7.51 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. Shareholders 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 yield of 1.80%. TE Connectivity’s dividend payout ratio (DPR) is currently 21.59%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TEL shares. JPMorgan Chase & Co. lowered their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Truist Financial lifted their price target on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Jefferies Financial Group initiated coverage on TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. Robert W. Baird decreased their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, StockNews.com initiated coverage on TE Connectivity in a report on Wednesday. They issued a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.89.

Insiders Place Their Bets

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the sale, the director now directly owns 5,917 shares in the company, valued at approximately $837,196.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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.