Charles Schwab Investment Management Inc. Grows Position in TE Connectivity Ltd. (NYSE:TEL)

Charles Schwab Investment Management Inc. boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,691,232 shares of the electronics maker’s stock after acquiring an additional 18,934 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in TE Connectivity were worth $237,618,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TEL. Jones Financial Companies Lllp boosted its stake in TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 190 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of TE Connectivity in the 4th quarter valued at about $45,000. Exchange Traded Concepts LLC raised its holdings in shares of TE Connectivity by 176.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at about $48,000. Institutional investors own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of TE Connectivity 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 transaction, the director now owns 5,917 shares in the company, valued at $837,196.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

TE Connectivity Price Performance

Shares of TEL stock opened at $144.80 on Thursday. The firm has a market cap of $44.34 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.09 and a beta of 1.36. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $147.98. The business’s 50 day moving average price is $142.44 and its 200-day moving average price is $137.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $1.65 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 7.51 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.80%. TE Connectivity’s dividend payout ratio is presently 23.79%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TEL shares. Truist Financial raised their price target on TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Robert W. Baird decreased their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Jefferies Financial Group began coverage on TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $153.89.

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.