2,560 Shares in TE Connectivity Ltd. (NYSE:TEL) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,560 shares of the electronics maker's stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEL. Modera Wealth Management LLC raised its holdings in TE Connectivity by 2.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock worth $409,000 after purchasing an additional 78 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of TE Connectivity by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock worth $2,002,000 after acquiring an additional 83 shares in the last quarter. Ascent Wealth Partners LLC boosted its position in shares of TE Connectivity by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock valued at $1,231,000 after purchasing an additional 85 shares in the last quarter. Moors & Cabot Inc. raised its holdings in TE Connectivity by 6.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker's stock worth $240,000 after purchasing an additional 95 shares in the last quarter. Finally, Callan Capital LLC boosted its holdings in shares of TE Connectivity by 5.4% during the 4th quarter. Callan Capital LLC now owns 2,071 shares of the electronics maker's stock valued at $296,000 after buying an additional 106 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 23rd. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price objective for the company in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $156.90.

TE Connectivity Trading Up 1.8 %

TE Connectivity stock traded up $2.33 during trading hours on Friday, hitting $129.23. The company had a trading volume of 2,517,669 shares, compared to its average volume of 1,714,609. The firm has a market cap of $38.56 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.11 and a beta of 1.25. The company has a 50-day moving average price of $142.92 and a two-hundred day moving average price of $146.36. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year 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 announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.06. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. TE Connectivity's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.20%. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio is presently 45.37%.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the business's stock in a transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company's stock.

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.