TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Increased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,671 shares of the electronics maker's stock after purchasing an additional 6,497 shares during the quarter. Peapack Gladstone Financial Corp's holdings in TE Connectivity were worth $17,538,000 at the end of the most recent quarter.

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

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction 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 directly owns 25,976 shares in the company, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company's stock.

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TE Connectivity Stock Up 0.5 %

Shares of TEL stock traded up $0.59 during trading hours on Friday, reaching $127.94. The company had a trading volume of 647,847 shares, compared to its average volume of 1,702,926. The company has a market capitalization of $38.17 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. The stock's fifty day simple moving average is $145.12 and its 200 day simple moving average is $147.18. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL - Get Free Report) last released its 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 company 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 revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 EPS. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, May 21st. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's payout ratio is currently 45.37%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TEL. Bank of America raised their target price 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. Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Citigroup boosted their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. StockNews.com downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Finally, 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. Seven 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, TE Connectivity has a consensus rating of "Hold" and an average price target of $163.60.

TE Connectivity Company 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.