Foster Dykema Cabot & Partners LLC Acquires 3,060 Shares of TE Connectivity Ltd. (NYSE:TEL)

Foster Dykema Cabot & Partners LLC raised its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1,254.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,304 shares of the electronics maker's stock after purchasing an additional 3,060 shares during the quarter. Foster Dykema Cabot & Partners LLC's holdings in TE Connectivity were worth $472,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Farringdon Capital Ltd. purchased a new stake in TE Connectivity in the 4th quarter worth approximately $334,000. Ceredex Value Advisors LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at about $20,623,000. Insigneo Advisory Services LLC increased its holdings in shares of TE Connectivity by 12.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,089 shares of the electronics maker's stock worth $728,000 after acquiring an additional 559 shares during the period. Montag & Caldwell LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $1,055,000. Finally, Jump Financial LLC bought a new stake in TE Connectivity during the 4th quarter valued at $325,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Up 3.2 %

Shares of TEL traded up $4.11 during mid-day trading on Tuesday, hitting $132.86. 1,003,051 shares of the company's stock were exchanged, compared to its average volume of 1,704,252. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The company has a 50-day simple moving average of $142.57 and a 200 day simple moving average of $146.25. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $159.98. The company has a market cap of $39.64 billion, a PE ratio of 21.25, a P/E/G ratio of 2.11 and a beta of 1.25.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The business's revenue was up .1% compared to the same quarter last year. On average, research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The business 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is currently 45.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TEL. JPMorgan Chase & Co. decreased their price target on TE Connectivity from $169.00 to $146.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Bank of America raised their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. StockNews.com lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, HSBC upgraded shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $156.90.

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.