TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 43.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,354 shares of the electronics maker's stock after purchasing an additional 8,646 shares during the period. Mizuho Securities USA LLC's holdings in TE Connectivity were worth $4,054,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TEL. Pinnacle Bancorp Inc. bought a new position in TE Connectivity in the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. raised its position in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of TE Connectivity during the 4th quarter worth $43,000. Golden State Wealth Management LLC bought a new stake in TE Connectivity during the fourth quarter valued at about $44,000. Finally, Hilltop National Bank purchased a new position in TE Connectivity in the fourth quarter valued at about $55,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of NYSE:TEL traded down $2.74 during trading on Thursday, hitting $147.00. The stock had a trading volume of 1,903,149 shares, compared to its average volume of 1,586,735. The stock has a 50-day simple moving average of $149.34 and a two-hundred day simple moving average of $148.41. The stock has a market capitalization of $43.86 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a 12-month low of $137.61 and a 12-month 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.

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TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating 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 business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the firm earned $1.84 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.93%. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is presently 45.37%.

Insider Transactions at TE Connectivity

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

Analyst Upgrades and Downgrades

Several analysts have commented on TEL shares. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target for the company in a research report on Thursday, January 23rd. Wells Fargo & Company raised their target price 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. Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Citigroup raised their price objective on TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Bank of America upped their target price on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $167.00.

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.