International Assets Investment Management LLC Invests $10.76 Million in TE Connectivity Ltd. (NYSE:TEL)

International Assets Investment Management LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 76,573 shares of the electronics maker’s stock, valued at approximately $10,759,000.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in shares of TE Connectivity by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock worth $114,430,000 after acquiring an additional 41,198 shares during the period. SG Americas Securities LLC grew its holdings in TE Connectivity by 518.3% in the fourth quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock valued at $21,876,000 after purchasing an additional 130,515 shares during the period. Patten Group Inc. acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $220,000. Asio Capital LLC purchased a new position in shares of TE Connectivity during the 4th quarter valued at approximately $2,150,000. Finally, Boston Trust Walden Corp grew its stake in TE Connectivity by 6.1% in the 4th quarter. Boston Trust Walden Corp now owns 384,804 shares of the electronics maker’s stock valued at $54,065,000 after acquiring an additional 22,031 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Up 1.4 %

Shares of TEL stock opened at $142.00 on Monday. The company has a 50-day moving average of $142.46 and a two-hundred day moving average of $136.96. The firm has a market cap of $43.48 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $147.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92.

TE Connectivity (NYSE:TEL) last posted its 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 net margin of 21.63% and a return on equity of 18.80%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that TE Connectivity Ltd. will post 7.51 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio is currently 21.59%.

Insiders Place Their Bets

In other 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 completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

TEL has been the topic of several recent analyst reports. Robert W. Baird decreased their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Truist Financial boosted 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. StockNews.com initiated coverage on TE Connectivity in a research note on Tuesday, April 30th. They issued a “buy” rating for the company. JPMorgan Chase & Co. dropped their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Stifel Nicolaus raised their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and six 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 $153.89.

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.