Here’s What Makes TE Connectivity (TEL) a Great Investment

ClearBridge Investments, an investment management firm, published its “International Growth ACWI ex-U.S. Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge International Growth ACWI ex-U.S. Strategy outperformed its MSCI ACWI Ex-U.S. benchmark. The Strategy delivered gains across seven of the 10 sectors in which it was invested (out of 11 total), with the consumer staples, industrials, health care, and materials sectors the primary contributors. The financials, communication services, and consumer discretionary sectors were detractors. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments International Growth ACWI ex-U.S. Strategy, in its Q4 2021 investor letter, mentioned TE Connectivity Ltd. (NYSE:TEL) and discussed its stance on the firm. Founded in 2000, TE Connectivity Ltd. (NYSE:TEL) is a Schaffhausen, Switzerland-based consumer electronics company with a $43.0 billion market capitalization, and is currently spearheaded by its CEO, Terrence Curtin. TE Connectivity Ltd. (NYSE:TEL) delivered a -18.09% return since the beginning of the year, while its 12-month returns are up by 0.04%. The stock closed at $132.15 per share on April 04, 2022.

Here is what ClearBridge Investments International Growth ACWI ex-U.S. Strategy has to say about TE Connectivity Ltd. (NYSE:TEL) in its Q4 2021 investor letter:

“We are encouraged by the resilience of the companies we hold across the portfolio, with particular strength during the quarter among our secular and structural growth holdings. Switzerland-based TE Connectivity, a leading global manufacturer of engineered components, continues to be a major beneficiary and enabler of the accelerating transition to vehicle electrification, including hybrid and battery electric.”

Our calculations show that TE Connectivity Ltd. (NYSE:TEL) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. TE Connectivity Ltd. (NYSE:TEL) was in 41 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 41 funds in the previous quarter. TE Connectivity Ltd. (NYSE:TEL) delivered a -19.48% return in the past 3 months.

In October 2021, we also shared another hedge fund’s views on TE Connectivity Ltd. (NYSE:TEL) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.