TE Connectivity Ltd. (NYSE:TEL) Stake Decreased by Crescent Sterling Ltd.

Crescent Sterling Ltd. lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,737 shares of the electronics maker’s stock after selling 92 shares during the period. TE Connectivity accounts for about 1.6% of Crescent Sterling Ltd.’s investment portfolio, making the stock its 22nd biggest holding. Crescent Sterling Ltd.’s holdings in TE Connectivity were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in TE Connectivity during the fourth quarter worth approximately $693,985,000. Massachusetts Financial Services Co. MA raised its holdings in TE Connectivity by 2.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,632,809 shares of the electronics maker’s stock worth $650,910,000 after purchasing an additional 111,340 shares in the last quarter. Invesco Ltd. raised its holdings in TE Connectivity by 3.5% during the third quarter. Invesco Ltd. now owns 4,572,117 shares of the electronics maker’s stock worth $564,794,000 after purchasing an additional 154,496 shares in the last quarter. Impax Asset Management Group plc raised its holdings in TE Connectivity by 1.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock worth $529,798,000 after purchasing an additional 51,866 shares in the last quarter. Finally, Morgan Stanley raised its holdings in TE Connectivity by 11.7% during the third quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock worth $461,872,000 after purchasing an additional 390,723 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Robert W. Baird decreased their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Stifel Nicolaus lifted their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Citigroup initiated coverage on shares of TE Connectivity in a research report on Friday, January 5th. They issued a “neutral” rating and a $146.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $153.50.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the sale, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% of the company’s stock.

TE Connectivity Trading Down 0.9 %

NYSE TEL traded down $1.35 on Tuesday, hitting $141.47. 2,083,911 shares of the stock were exchanged, compared to its average volume of 2,211,779. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $147.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. The company has a market capitalization of $43.97 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.06 and a beta of 1.39. The company’s 50-day moving average price is $142.58 and its two-hundred day moving average price is $136.60.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the company posted $1.65 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts predict that TE Connectivity Ltd. will post 7.55 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 21.59%.

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.