Westwood Holdings Group Inc. Sells 103,945 Shares of TE Connectivity Ltd. (NYSE:TEL)

Westwood Holdings Group Inc. lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 677,315 shares of the electronics maker’s stock after selling 103,945 shares during the period. Westwood Holdings Group Inc. owned approximately 0.19% of TE Connectivity worth $64,372,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in TE Connectivity by 4.2% in the fourth quarter. BlackRock Inc. now owns 17,425,074 shares of the electronics maker’s stock worth $1,656,081,000 after purchasing an additional 694,901 shares in the last quarter. Boston Partners raised its position in TE Connectivity by 2.6% in the fourth quarter. Boston Partners now owns 12,746,402 shares of the electronics maker’s stock worth $1,211,419,000 after purchasing an additional 318,066 shares in the last quarter. Janus Henderson Group PLC raised its position in TE Connectivity by 17.7% in the third quarter. Janus Henderson Group PLC now owns 8,247,518 shares of the electronics maker’s stock worth $685,033,000 after purchasing an additional 1,239,920 shares in the last quarter. Wells Fargo & Company MN raised its position in TE Connectivity by 8.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,900,641 shares of the electronics maker’s stock worth $370,717,000 after purchasing an additional 313,244 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in TE Connectivity by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,605,770 shares of the electronics maker’s stock worth $341,957,000 after purchasing an additional 105,388 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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In related news, EVP John S. Jenkins sold 36,550 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $103.35, for a total value of $3,777,442.50. Following the completion of the sale, the executive vice president now owns 53,287 shares of the company’s stock, valued at $5,507,211.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Terrence R. Curtin sold 142,450 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $104.24, for a total transaction of $14,848,988.00. Following the completion of the sale, the insider now directly owns 200,258 shares of the company’s stock, valued at approximately $20,874,893.92. The disclosure for this sale can be found here. In the last three months, insiders sold 352,750 shares of company stock valued at $36,475,611. 0.70% of the stock is currently owned by company insiders.

TEL has been the subject of several recent research reports. Wells Fargo increased their price target on shares of TE Connectivity from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research report on Monday, January 15th. SunTrust Banks reaffirmed a “hold” rating and set a $102.00 price objective on shares of TE Connectivity in a report on Thursday, January 25th. ValuEngine raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Morgan Stanley raised their price objective on shares of TE Connectivity from $97.00 to $102.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. TE Connectivity currently has an average rating of “Buy” and an average target price of $135.67.

Shares of TE Connectivity stock traded down $2.88 during midday trading on Friday, reaching $95.91. The company had a trading volume of 1,162,085 shares, compared to its average volume of 1,312,588. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 1.03. The firm has a market cap of $33,684.17, a P/E ratio of 19.86, a P/E/G ratio of 1.60 and a beta of 1.07. TE Connectivity Ltd. has a 1-year low of $71.93 and a 1-year high of $108.23.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.15. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.39 billion. TE Connectivity had a net margin of 9.12% and a return on equity of 19.49%. TE Connectivity’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. sell-side analysts expect that TE Connectivity Ltd. will post 5.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, February 22nd. TE Connectivity’s dividend payout ratio is currently 33.13%.

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TE Connectivity Profile

TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.

Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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