Core Alternative Capital Buys Shares of 837 TE Connectivity Ltd. (NYSE:TEL)

Core Alternative Capital purchased a new stake in TE Connectivity Ltd. (NYSE:TEL – Get Rating) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 837 shares of the electronics maker’s stock, valued at approximately $135,000.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $25,000. AHL Investment Management Inc. acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $26,000. Arlington Partners LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $27,000. Econ Financial Services Corp acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $28,000. Finally, Shore Point Advisors LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

In other TE Connectivity news, Director Thomas J. Lynch sold 12,600 shares of TE Connectivity stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $126.86, for a total value of $1,598,436.00. Following the transaction, the director now owns 11,750 shares in the company, valued at $1,490,605. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

TE Connectivity stock traded down $5.47 during mid-day trading on Wednesday, hitting $123.67. 39,182 shares of the company’s stock traded hands, compared to its average volume of 1,577,869. The firm has a 50 day simple moving average of $127.32 and a two-hundred day simple moving average of $144.05. TE Connectivity Ltd. has a fifty-two week low of $119.81 and a fifty-two week high of $166.44. The stock has a market cap of $39.84 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.68 and a beta of 1.27. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.47 and a quick ratio of 0.88.

TE Connectivity (NYSE:TEL – Get Rating) last posted its earnings results on Wednesday, April 27th. The electronics maker reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.81 billion. TE Connectivity had a return on equity of 22.10% and a net margin of 16.14%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. On average, research analysts anticipate that TE Connectivity Ltd. will post 7.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 17th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, February 16th. TE Connectivity’s dividend payout ratio is presently 26.42%.

TEL has been the subject of a number of research reports. StockNews.com raised TE Connectivity from a “hold” rating to a “buy” rating in a research note on Tuesday, May 10th. Morgan Stanley lowered their target price on TE Connectivity from $167.00 to $151.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. JPMorgan Chase & Co. increased their target price on TE Connectivity from $170.00 to $176.00 in a research note on Thursday, January 20th. Finally, Truist Financial decreased their price target on shares of TE Connectivity from $144.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, April 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $167.20.

TE Connectivity Company Profile (Get Rating)

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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