State of New Jersey Common Pension Fund D Has $23.53 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

State of New Jersey Common Pension Fund D lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,491 shares of the electronics maker’s stock after selling 3,292 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of TE Connectivity worth $23,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in TE Connectivity during the 4th quarter worth approximately $10,759,000. Nordea Investment Management AB increased its holdings in TE Connectivity by 5.3% during the 4th quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock worth $114,430,000 after purchasing an additional 41,198 shares in the last quarter. SG Americas Securities LLC lifted its stake in TE Connectivity by 518.3% in the 4th quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock valued at $21,876,000 after acquiring an additional 130,515 shares in the last quarter. Patten Group Inc. acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $220,000. Finally, Ninety One North America Inc. raised its holdings in shares of TE Connectivity by 39.4% in the fourth quarter. Ninety One North America Inc. now owns 61,289 shares of the electronics maker’s stock valued at $8,611,000 after purchasing an additional 17,322 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $144.00, for a total value of $14,367,888.00. Following the completion of the transaction, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by insiders.

TE Connectivity Trading Up 0.3 %

Shares of TEL traded up $0.44 during trading hours on Thursday, reaching $140.44. 3,219,400 shares of the company traded hands, compared to its average volume of 2,214,311. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $147.98. The stock’s fifty day moving average price is $142.65 and its 200 day moving average price is $136.02. The firm has a market cap of $43.65 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.04 and a beta of 1.39. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts forecast that TE Connectivity Ltd. will post 7.59 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group started coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price for the company. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. JPMorgan Chase & Co. cut their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com started coverage on TE Connectivity in a research report on Monday. They issued a “buy” rating for the company. Finally, Stifel Nicolaus upped their price objective on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.50.

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.