Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,549 Shares of TE Connectivity Ltd. (NYSE:TEL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,611 shares of the electronics maker's stock after selling 2,549 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in TE Connectivity were worth $9,094,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TEL. Pinnacle Bancorp Inc. acquired a new stake in shares of TE Connectivity during the fourth quarter worth $26,000. SRS Capital Advisors Inc. grew its position in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after buying an additional 107 shares during the period. Fairway Wealth LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $43,000. Golden State Wealth Management LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $44,000. Finally, Hilltop National Bank bought a new position in TE Connectivity during the 4th quarter worth approximately $55,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 0.7 %

NYSE:TEL traded down $1.11 on Wednesday, hitting $149.69. 2,166,507 shares of the company's stock were exchanged, compared to its average volume of 1,585,363. The company has a market cap of $44.66 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The firm has a 50-day moving average price of $149.22 and a 200-day moving average price of $148.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98.

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TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS 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. Investors of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.90%. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. TE Connectivity's payout ratio is presently 45.37%.

Analysts Set New Price Targets

TEL has been the subject of several recent analyst reports. Bank of America upped their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. 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. Robert W. Baird lifted their target price on TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Wells Fargo & Company increased their price target on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a 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 report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of "Hold" and a consensus price target of $167.00.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the company'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 sale, the insider now owns 25,976 shares in the company, valued at $3,812,497.52. This represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.90% of the company's stock.

About TE Connectivity

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.