Financial Counselors Inc. Has $22.70 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Financial Counselors Inc. boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 158,792 shares of the electronics maker’s stock after acquiring an additional 6,914 shares during the quarter. Financial Counselors Inc.’s holdings in TE Connectivity were worth $22,703,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity during the fourth quarter worth $26,000. SRS Capital Advisors Inc. lifted its holdings in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after buying an additional 107 shares during the last quarter. Fairway Wealth LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $43,000. Golden State Wealth Management LLC acquired a new position in TE Connectivity in the fourth quarter worth approximately $44,000. Finally, Hilltop National Bank bought a new position in TE Connectivity during the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. This represents a 49.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

TE Connectivity Price Performance

NYSE:TEL opened at $150.56 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The company has a fifty day moving average price of $149.22 and a 200 day moving average price of $148.40. The stock has a market cap of $44.92 billion, a P/E ratio of 24.05, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.89%. TE Connectivity’s payout ratio is currently 45.37%.

Analyst Ratings Changes

Several brokerages have recently commented on TEL. Bank of America increased their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target for the company in a research report on Thursday, January 23rd. Truist Financial lowered their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Citigroup increased their price target on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $167.00.

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.