J. Safra Sarasin Holding AG Has $2.22 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

J. Safra Sarasin Holding AG boosted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 128.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,524 shares of the electronics maker's stock after acquiring an additional 8,728 shares during the quarter. J. Safra Sarasin Holding AG's holdings in TE Connectivity were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. Anchor Investment Management LLC lifted its position in shares of TE Connectivity by 14.8% in the 3rd quarter. Anchor Investment Management LLC now owns 5,048 shares of the electronics maker's stock worth $762,000 after buying an additional 652 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of TE Connectivity by 286.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 16,784 shares of the electronics maker's stock valued at $2,534,000 after acquiring an additional 12,444 shares in the last quarter. Tidal Investments LLC increased its position in shares of TE Connectivity by 24.5% during the 3rd quarter. Tidal Investments LLC now owns 22,128 shares of the electronics maker's stock valued at $3,341,000 after purchasing an additional 4,359 shares during the period. Franklin Resources Inc. raised its position in TE Connectivity by 31.1% in the third quarter. Franklin Resources Inc. now owns 3,004,540 shares of the electronics maker's stock worth $445,603,000 after acquiring an additional 712,228 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in TE Connectivity by 1.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,458 shares of the electronics maker's stock valued at $1,859,000 after purchasing an additional 223 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Hsbc Global Res upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday. Robert W. Baird raised their target price on TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research report on Thursday. Citigroup reduced their price objective on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Bank of America increased their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.50.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the sale, the insider now owns 25,976 shares of the company's stock, valued at $3,925,752.88. The trade was a 13.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

NYSE TEL traded up $1.06 during trading on Friday, hitting $144.58. The company's stock had a trading volume of 1,464,520 shares, compared to its average volume of 1,689,793. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $159.98. The firm has a market cap of $43.14 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. The firm has a 50 day moving average price of $141.45 and a 200 day moving average price of $146.08. 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 announced its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. Equities 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. Investors of record on Wednesday, May 21st will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.96%. 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 presently 45.37%.

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.