National Bank of Canada FI Has $19.23 Million Position in TE Connectivity Ltd. (NYSE:TEL)

National Bank of Canada FI decreased its stake in TE Connectivity Ltd. (NYSE:TEL) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,413 shares of the electronics maker’s stock after selling 21,084 shares during the period. National Bank of Canada FI’s holdings in TE Connectivity were worth $19,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its position in TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 190 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of TE Connectivity during the fourth quarter worth $45,000. Exchange Traded Concepts LLC raised its stake in TE Connectivity by 176.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new stake in TE Connectivity during the fourth quarter valued at $48,000. 91.43% of the stock is currently owned by institutional investors.

Insider Activity

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

TE Connectivity Stock Performance

NYSE TEL opened at $143.24 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $142.44 and a 200 day simple moving average of $137.30. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $147.98. The company has a market cap of $43.86 billion, a P/E ratio of 13.11, a PEG ratio of 2.09 and a beta of 1.36.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (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 firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue was down 4.6% on a year-over-year basis. Sell-side analysts predict that TE Connectivity Ltd. will post 7.51 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 21.59%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Stifel Nicolaus lifted their target price on TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Truist Financial lifted their price objective on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Finally, StockNews.com assumed coverage on shares of TE Connectivity in a research note on Wednesday. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.89.

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.