Teachers Advisors LLC grew its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 54.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 716,986 shares of the electronics maker’s stock after buying an additional 252,727 shares during the quarter. Teachers Advisors LLC owned approximately 0.20% of TE Connectivity worth $68,142,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of TEL. Avestar Capital LLC bought a new position in TE Connectivity in the fourth quarter valued at approximately $116,000. Robecosam AG acquired a new stake in TE Connectivity in the third quarter worth $155,000. BB&T Investment Services Inc. raised its holdings in TE Connectivity by 87.3% in the third quarter. BB&T Investment Services Inc. now owns 2,038 shares of the electronics maker’s stock worth $168,000 after purchasing an additional 950 shares during the period. NuWave Investment Management LLC acquired a new stake in TE Connectivity in the fourth quarter worth $192,000. Finally, Courier Capital LLC acquired a new stake in TE Connectivity in the fourth quarter worth $207,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.
TEL has been the topic of a number of research analyst reports. Oppenheimer initiated coverage on shares of TE Connectivity in a report on Monday, March 26th. They set an “outperform” rating and a $120.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating and set a $116.00 price objective on shares of TE Connectivity in a report on Wednesday, January 24th. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Friday, March 23rd. Stifel Nicolaus raised their target price on shares of TE Connectivity from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Morgan Stanley raised their target price on shares of TE Connectivity from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. TE Connectivity presently has an average rating of “Buy” and an average target price of $135.67.
Shares of NYSE:TEL traded down $2.88 during midday trading on Friday, hitting $95.91. The stock had a trading volume of 1,162,085 shares, compared to its average volume of 1,312,588. The stock has a market capitalization of $33,684.17, a PE ratio of 19.86, a PEG ratio of 1.60 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. TE Connectivity Ltd. has a fifty-two week low of $71.93 and a fifty-two week high of $108.23.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.25 by $0.15. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.39 billion. TE Connectivity had a net margin of 9.12% and a return on equity of 19.49%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 EPS. research analysts predict that TE Connectivity Ltd. will post 5.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, February 22nd. TE Connectivity’s payout ratio is 33.13%.
In other TE Connectivity news, insider Thomas J. Lynch sold 76,183 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $101.48, for a total transaction of $7,731,050.84. Following the transaction, the insider now owns 254,715 shares in the company, valued at $25,848,478.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Terrence R. Curtin sold 142,450 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $104.24, for a total transaction of $14,848,988.00. Following the transaction, the insider now owns 200,258 shares in the company, valued at approximately $20,874,893.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 352,750 shares of company stock worth $36,475,611. Insiders own 0.70% of the company’s stock.
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About TE Connectivity
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.
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