TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Increased by Ethic Inc.

Ethic Inc. grew its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,349 shares of the electronics maker's stock after purchasing an additional 1,752 shares during the quarter. Ethic Inc.'s holdings in TE Connectivity were worth $4,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity during the 4th quarter worth $26,000. SRS Capital Advisors Inc. raised its stake in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares in the last quarter. Fairway Wealth LLC acquired a new stake in TE Connectivity during the 4th quarter worth $43,000. Golden State Wealth Management LLC purchased a new position in TE Connectivity during the 4th quarter worth $44,000. Finally, Hilltop National Bank purchased a new position in TE Connectivity during the 4th quarter worth $55,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 20,400 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total transaction of $3,322,140.00. Following the completion of the transaction, the executive vice president now owns 24,625 shares in the company, valued at approximately $4,010,181.25. This trade represents a 45.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. This trade represents a 49.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 174,675 shares of company stock worth $27,062,559 in the last 90 days. Corporate insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TEL. Citigroup lowered 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 report on Monday, April 14th. Vertical Research raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price on the stock in a report on Friday, April 25th. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a report on Thursday, April 24th. UBS Group reiterated a "buy" rating and issued a $163.00 price objective (up previously from $155.00) on shares of TE Connectivity in a research note on Thursday, April 24th. Finally, Bank of America raised their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus target price of $159.50.

TE Connectivity Trading Down 0.8%

TEL traded down $1.31 during trading on Wednesday, hitting $161.08. 1,712,829 shares of the company's stock were exchanged, compared to its average volume of 1,694,092. The firm has a market cap of $47.77 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The stock has a 50 day moving average price of $141.11 and a 200 day moving average price of $146.37. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $163.39.

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

TE Connectivity Increases Dividend

The business also recently announced 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 represents a $2.84 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio is currently 62.42%.

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.