Css LLC Il Acquires New Position in TE Connectivity Ltd. (NYSE:TEL)

CSS LLC IL acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,980 shares of the electronics maker's stock, valued at approximately $426,000.

Other large investors have also bought and sold shares of the company. Merit Financial Group LLC purchased a new position in TE Connectivity in the 4th quarter valued at approximately $237,000. UMB Bank n.a. purchased a new stake in TE Connectivity during the fourth quarter valued at about $148,000. Ballentine Partners LLC lifted its stake in shares of TE Connectivity by 2.6% in the 4th quarter. Ballentine Partners LLC now owns 4,907 shares of the electronics maker's stock valued at $702,000 after acquiring an additional 125 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of TE Connectivity by 5.5% during the fourth quarter. Dakota Wealth Management now owns 14,347 shares of the electronics maker's stock valued at $2,051,000 after purchasing an additional 748 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of TE Connectivity in the fourth quarter worth approximately $779,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

TEL traded down $0.09 during midday trading on Wednesday, hitting $161.28. 271,011 shares of the company traded hands, compared to its average volume of 1,696,504. 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 Ltd. has a 52 week low of $116.30 and a 52 week high of $164.11. The firm has a market capitalization of $47.83 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The company's 50-day moving average is $144.06 and its 200 day moving average is $147.01.

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

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.71 dividend. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.76%. TE Connectivity's dividend payout ratio is 62.42%.

Insider Activity at TE Connectivity

In other news, CFO Heath A. Mitts sold 37,844 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $153.33, for a total transaction of $5,802,620.52. Following the transaction, the chief financial officer now owns 45,503 shares of the company's stock, valued at approximately $6,976,974.99. The trade was a 45.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 20,400 shares of the business's stock in a transaction on 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 transaction, the executive vice president now owns 24,625 shares in the company, valued at $4,010,181.25. This trade represents a 45.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 174,675 shares of company stock valued at $27,062,559. Corporate insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research report on Friday, April 25th. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research report on Thursday, April 24th. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Finally, UBS Group reaffirmed a "buy" rating and issued a $163.00 target price (up from $155.00) on shares of TE Connectivity in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $160.30.

About TE Connectivity

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.