Natixis Advisors L.P. Grows Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Natixis Advisors L.P. boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TELGet Rating) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,536 shares of the electronics maker’s stock after purchasing an additional 19,796 shares during the quarter. Natixis Advisors L.P.’s holdings in TE Connectivity were worth $22,997,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in TE Connectivity during the fourth quarter valued at $25,000. AHL Investment Management Inc. purchased a new stake in TE Connectivity during the fourth quarter valued at $26,000. Arlington Partners LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $27,000. Econ Financial Services Corp purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $28,000. Finally, Equitec Proprietary Markets LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $37,000. 89.44% of the stock is currently owned by institutional investors.

Shares of NYSE:TEL traded down $2.18 during trading on Friday, reaching $124.78. The stock had a trading volume of 1,424,649 shares, compared to its average volume of 1,520,404. TE Connectivity Ltd. has a one year low of $120.22 and a one year high of $166.44. The company has a market capitalization of $40.72 billion, a P/E ratio of 16.48, a PEG ratio of 1.67 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $129.89 and its 200 day simple moving average is $145.77.

TE Connectivity (NYSE:TELGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The electronics maker reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.81 billion. TE Connectivity had a net margin of 16.14% and a return on equity of 22.10%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 7.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 17th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, February 16th. TE Connectivity’s payout ratio is currently 26.42%.

Several brokerages have recently weighed in on TEL. Truist Financial reduced their target price on shares of TE Connectivity from $144.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, April 8th. StockNews.com downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of TE Connectivity from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 10th. Morgan Stanley reduced their price target on shares of TE Connectivity from $167.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of TE Connectivity from $170.00 to $176.00 in a research note on Thursday, January 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, TE Connectivity has an average rating of “Buy” and an average target price of $167.20.

About TE Connectivity (Get Rating)

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaÂ-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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