Arrowstreet Capital Limited Partnership Purchases 223,018 Shares of TE Connectivity Ltd. (NYSE:TEL)

Arrowstreet Capital Limited Partnership boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 625,464 shares of the electronics maker's stock after buying an additional 223,018 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.21% of TE Connectivity worth $89,423,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TEL. Vanguard Group Inc. lifted its stake in shares of TE Connectivity by 14.2% in the 4th quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock valued at $4,629,225,000 after purchasing an additional 4,029,596 shares during the last quarter. Norges Bank acquired a new stake in shares of TE Connectivity during the 4th quarter worth about $508,199,000. Amundi bought a new stake in shares of TE Connectivity during the fourth quarter worth approximately $159,992,000. Nordea Investment Management AB acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $149,211,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of TE Connectivity by 2,330.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 753,572 shares of the electronics maker's stock worth $107,738,000 after buying an additional 722,565 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the business'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 value of $3,669,250.00. Following the transaction, the insider now owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup boosted their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Bank of America boosted their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their price target on TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price objective on TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, TE Connectivity currently has an average rating of "Hold" and a consensus target price of $167.00.

TE Connectivity Stock Down 6.1 %

TEL traded down $7.96 during midday trading on Friday, hitting $122.02. The company had a trading volume of 2,634,515 shares, compared to its average volume of 1,684,156. The stock's 50 day moving average price is $148.29 and its 200 day moving average price is $148.22. TE Connectivity Ltd. has a 52 week low of $118.56 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. The company has a market capitalization of $36.40 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.11 and a beta of 1.25.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 12.10% and a return on equity of 18.82%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. On average, research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.71 dividend. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 annualized dividend and a dividend yield of 2.33%. TE Connectivity's dividend payout ratio is presently 45.37%.

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.