UNIVEST FINANCIAL Corp Has $10.88 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

UNIVEST FINANCIAL Corp lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 53.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,096 shares of the electronics maker’s stock after purchasing an additional 26,349 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in TE Connectivity were worth $10,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its stake in TE Connectivity by 117.6% in 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 in the last quarter. Fairway Wealth LLC acquired a new position in TE Connectivity during the fourth quarter worth $43,000. Golden State Wealth Management LLC bought a new position in shares of TE Connectivity during the fourth quarter valued at $44,000. Finally, Hilltop National Bank acquired a new stake in shares of TE Connectivity during the 4th quarter worth about $55,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Up 1.1 %

TEL opened at $150.56 on Wednesday. TE Connectivity Ltd. has a twelve month low of $137.61 and a twelve month high of $159.98. The firm has a market cap of $44.92 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The firm’s fifty day moving average is $149.22 and its two-hundred day moving average is $148.40.

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

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.89%. 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. TE Connectivity’s dividend payout ratio is 45.37%.

Wall Street Analyst Weigh In

A number of research firms have commented on TEL. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Robert W. Baird upped their price objective on TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. StockNews.com cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target on the stock in a research note on Thursday, January 23rd. Finally, Citigroup boosted their price objective on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, TE Connectivity has an average rating of “Hold” and an average price target of $167.00.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is owned by insiders.

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.