OLD Mission Capital LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,455 shares of the electronics maker's stock, valued at approximately $1,352,000.
Several other hedge funds and other institutional investors also recently modified their holdings of TEL. Pinnacle Bancorp Inc. purchased a new position in TE Connectivity in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares during the period. Fairway Wealth LLC purchased a new position in shares of TE Connectivity in the fourth quarter valued at $43,000. Golden State Wealth Management LLC bought a new stake in shares of TE Connectivity during the 4th quarter valued at $44,000. Finally, Hilltop National Bank purchased a new stake in TE Connectivity during the 4th quarter worth about $55,000. Institutional investors own 91.43% of the company's stock.
Analyst Upgrades and Downgrades
TEL has been the topic of several analyst reports. Bank of America upped their price target on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. StockNews.com cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Hsbc Global Res upgraded shares of TE Connectivity from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, HSBC upgraded TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price objective on the stock in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $167.00.
Check Out Our Latest Stock Report on TEL
Insider Transactions at TE Connectivity
In related news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company's stock.
TE Connectivity Price Performance
Shares of NYSE TEL traded up $0.81 during trading hours on Monday, reaching $122.81. 1,182,136 shares of the stock traded hands, compared to its average volume of 1,688,874. The company's 50-day simple moving average is $147.64 and its two-hundred day simple moving average is $148.07. The company has a market capitalization of $36.64 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. TE Connectivity Ltd. has a 52-week low of $114.83 and a 52-week high of $159.98. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the firm posted $1.84 earnings per share. The business's revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. 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 2.31%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio (DPR) is 45.37%.
TE Connectivity Company Profile
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Free Report)
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.
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