Guyasuta Investment Advisors Inc. Has $23.61 Million Position in TE Connectivity Ltd. (NYSE:TEL)

Guyasuta Investment Advisors Inc. reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 168,057 shares of the electronics maker’s stock after selling 2,526 shares during the quarter. TE Connectivity comprises 1.7% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 20th largest position. Guyasuta Investment Advisors Inc.’s holdings in TE Connectivity were worth $23,612,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of TE Connectivity by 3.5% during the third quarter. Invesco Ltd. now owns 4,572,117 shares of the electronics maker’s stock worth $564,794,000 after purchasing an additional 154,496 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TE Connectivity by 3.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,521,469 shares of the electronics maker’s stock valued at $558,537,000 after purchasing an additional 145,605 shares in the last quarter. Impax Asset Management Group plc lifted its stake in TE Connectivity by 1.4% in the 4th quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock valued at $529,798,000 after acquiring an additional 51,866 shares in the last quarter. Morgan Stanley lifted its stake in TE Connectivity by 11.7% in the 3rd quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock valued at $461,872,000 after acquiring an additional 390,723 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in TE Connectivity by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,006,425 shares of the electronics maker’s stock valued at $371,384,000 after acquiring an additional 110,510 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TEL shares. Truist Financial upped their price objective on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Citigroup began coverage on TE Connectivity in a research note on Friday, January 5th. They set a “neutral” rating and a $146.00 price objective on the stock. StockNews.com began coverage on TE Connectivity in a report on Monday, April 22nd. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. decreased their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.50.

TE Connectivity Stock Performance

NYSE TEL traded up $1.80 on Monday, reaching $142.01. The stock had a trading volume of 666,968 shares, compared to its average volume of 2,200,381. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. The firm has a fifty day moving average of $142.55 and a two-hundred day moving average of $136.33. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $147.98. The company has a market cap of $44.14 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 2.06 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating 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 in the prior year, the firm posted $1.65 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 7.55 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.83%. TE Connectivity’s payout ratio is 21.59%.

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.