TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195 shares of the electronics maker’s stock after selling 75 shares during the quarter. Hexagon Capital Partners LLC’s holdings in TE Connectivity were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TEL. Jones Financial Companies Lllp increased its position in TE Connectivity by 358.5% during the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after buying an additional 190 shares during the period. Bruce G. Allen Investments LLC acquired a new position in TE Connectivity in the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in TE Connectivity during the 4th quarter valued at approximately $45,000. Exchange Traded Concepts LLC lifted its position in TE Connectivity by 176.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock worth $46,000 after acquiring an additional 210 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in shares of TE Connectivity in the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Activity

In related news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the transaction, the director now owns 5,917 shares in the company, valued at $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. StockNews.com began coverage on TE Connectivity in a research note on Tuesday. They set a “buy” rating on the stock. Truist Financial raised their price objective on TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. decreased their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Finally, Stifel Nicolaus raised their target price on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Five equities 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.50.

TE Connectivity Stock Performance

TE Connectivity stock opened at $142.00 on Friday. The stock has a fifty day moving average price of $142.48 and a 200 day moving average price of $136.65. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $147.98. The firm has a market capitalization of $43.48 billion, a P/E ratio of 12.99, a PEG ratio of 2.06 and a beta of 1.36. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that TE Connectivity Ltd. will post 7.51 earnings per share for the current year.

TE Connectivity Announces Dividend

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 issued a $0.65 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.83%. TE Connectivity’s dividend payout ratio (DPR) is 21.59%.

TE Connectivity 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.