John G Ullman & Associates Inc. Has $15.61 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

John G Ullman & Associates Inc. increased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 111,112 shares of the electronics maker’s stock after purchasing an additional 1,082 shares during the period. TE Connectivity accounts for 2.5% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 10th largest holding. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $15,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cibc World Market Inc. lifted its stake in TE Connectivity by 63.8% in the 1st quarter. Cibc World Market Inc. now owns 11,366 shares of the electronics maker’s stock worth $1,489,000 after purchasing an additional 4,427 shares in the last quarter. Cetera Investment Advisers lifted its stake in TE Connectivity by 16.2% in the 1st quarter. Cetera Investment Advisers now owns 25,817 shares of the electronics maker’s stock worth $3,382,000 after purchasing an additional 3,598 shares in the last quarter. Dakota Wealth Management lifted its stake in TE Connectivity by 23.0% in the 1st quarter. Dakota Wealth Management now owns 4,259 shares of the electronics maker’s stock worth $558,000 after purchasing an additional 797 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in TE Connectivity by 108.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,336 shares of the electronics maker’s stock worth $437,000 after purchasing an additional 1,739 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in TE Connectivity by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock worth $3,617,824,000 after purchasing an additional 308,580 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TEL. Citigroup began coverage on shares of TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 target price on the stock. Truist Financial raised their price objective on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective on the stock. StockNews.com initiated coverage on shares of TE Connectivity in a research report on Sunday, April 14th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.30.

Insiders Place Their Bets

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $144.00, for a total value of $14,367,888.00. Following the sale, the insider now owns 30,459 shares of the company’s stock, valued at approximately $4,386,096. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.86% of the company’s stock.

TE Connectivity Trading Up 0.0 %

NYSE:TEL traded up $0.02 during trading hours on Friday, reaching $140.50. The company’s stock had a trading volume of 1,654,455 shares, compared to its average volume of 2,098,735. The firm has a market capitalization of $43.67 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.01 and a beta of 1.39. The firm has a 50-day simple moving average of $142.72 and a 200-day simple moving average of $135.40. 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 0.27, a quick ratio of 1.16 and a current ratio of 1.86.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. Research analysts expect that TE Connectivity Ltd. will post 7.59 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 22.39%.

About TE Connectivity

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.