Dakota Wealth Management Grows Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Dakota Wealth Management increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,347 shares of the electronics maker’s stock after acquiring an additional 748 shares during the period. Dakota Wealth Management’s holdings in TE Connectivity were worth $2,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. grew its holdings in TE Connectivity by 5.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,804 shares of the electronics maker’s stock valued at $422,000 after purchasing an additional 139 shares during the last quarter. Public Sector Pension Investment Board lifted its position in TE Connectivity by 62.5% during the second quarter. Public Sector Pension Investment Board now owns 11,476 shares of the electronics maker’s stock worth $1,726,000 after buying an additional 4,415 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of TE Connectivity by 64.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 4,422 shares of the electronics maker’s stock worth $634,000 after purchasing an additional 1,741 shares during the period. AXA S.A. raised its holdings in shares of TE Connectivity by 3.3% in the 2nd quarter. AXA S.A. now owns 502,261 shares of the electronics maker’s stock worth $75,555,000 after purchasing an additional 16,164 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of TE Connectivity by 71.3% in the 2nd quarter. AQR Capital Management LLC now owns 431,626 shares of the electronics maker’s stock worth $64,860,000 after purchasing an additional 179,594 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $156.73 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The firm has a market capitalization of $46.78 billion, a PE ratio of 15.26, a P/E/G ratio of 2.02 and a beta of 1.32. The firm has a 50-day moving average of $147.43 and a two-hundred day moving average of $148.80.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3,916,310.63 billion. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, analysts forecast that TE Connectivity Ltd. will post 8.1 earnings per share for the current year.

TE Connectivity declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 30th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of research reports. Hsbc Global Res downgraded TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. Robert W. Baird lifted their target price on TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America lifted their target price on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial cut their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Citigroup raised their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.00.

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.