Ensign Peak Advisors Inc Has $7.86 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Ensign Peak Advisors Inc lowered its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,975 shares of the electronics maker's stock after selling 10,203 shares during the period. Ensign Peak Advisors Inc's holdings in TE Connectivity were worth $7,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Czech National Bank boosted its stake in TE Connectivity by 4.8% in the fourth quarter. Czech National Bank now owns 64,865 shares of the electronics maker's stock valued at $9,274,000 after acquiring an additional 2,954 shares during the last quarter. Fiduciary Alliance LLC bought a new position in TE Connectivity in the fourth quarter valued at approximately $1,285,000. Miracle Mile Advisors LLC boosted its stake in TE Connectivity by 3.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 13,694 shares of the electronics maker's stock valued at $1,958,000 after acquiring an additional 401 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in TE Connectivity in the fourth quarter valued at approximately $211,000. Finally, Fifth Third Wealth Advisors LLC boosted its stake in TE Connectivity by 8.6% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,767 shares of the electronics maker's stock valued at $682,000 after acquiring an additional 378 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Up 0.6%

TEL traded up $0.91 during trading on Friday, hitting $164.03. The company had a trading volume of 1,411,880 shares, compared to its average volume of 1,696,545. The company has a market capitalization of $48.64 billion, a PE ratio of 26.20, a PEG ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $164.11. The firm's 50-day moving average price is $142.01 and its 200 day moving average price is $146.64. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.96 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. As a group, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.71 dividend. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 1.73%. The ex-dividend date is Wednesday, May 21st. TE Connectivity's payout ratio is currently 62.42%.

Insider Activity at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 53,306 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $159.21, for a total transaction of $8,486,848.26. Following the sale, the chief financial officer now directly owns 45,503 shares of the company's stock, valued at $7,244,532.63. The trade was a 53.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,675 shares of company stock valued at $27,062,559. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Citigroup reduced their price objective on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $130.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.50.

TE Connectivity 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.