Arkadios Wealth Advisors Invests $256,000 in TE Connectivity Ltd. (NYSE:TEL)

Arkadios Wealth Advisors bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,812 shares of the electronics maker's stock, valued at approximately $256,000.

Other large investors have also recently made changes to their positions in the company. Tredje AP fonden boosted its stake in TE Connectivity by 7.3% in the 1st quarter. Tredje AP fonden now owns 150,580 shares of the electronics maker's stock worth $21,280,000 after purchasing an additional 10,200 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of TE Connectivity in the first quarter worth about $521,000. Federated Hermes Inc. boosted its position in shares of TE Connectivity by 10.6% in the first quarter. Federated Hermes Inc. now owns 1,311 shares of the electronics maker's stock valued at $185,000 after acquiring an additional 126 shares during the period. Meeder Advisory Services Inc. grew its stake in TE Connectivity by 13.1% during the first quarter. Meeder Advisory Services Inc. now owns 11,173 shares of the electronics maker's stock valued at $1,579,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Purkiss Capital Advisors LLC bought a new stake in TE Connectivity during the 1st quarter worth approximately $265,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Price Performance

NYSE TEL traded down $0.01 on Thursday, reaching $200.04. 1,219,861 shares of the company's stock traded hands, compared to its average volume of 2,299,662. The stock has a market cap of $59.11 billion, a PE ratio of 41.42, a P/E/G ratio of 2.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $212.76. The stock has a 50-day simple moving average of $177.61 and a 200 day simple moving average of $157.52.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity's payout ratio is presently 58.80%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TEL. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Bank of America boosted their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Citigroup boosted their price objective on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Robert W. Baird raised their target price on shares of TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $194.80.

Insider Transactions at TE Connectivity

In other news, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 53,306 shares of the company's stock in a transaction on 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 owned 45,503 shares of the company's stock, valued at $7,244,532.63. This represents a 53.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 258,470 shares of company stock valued at $45,313,205. Insiders own 0.90% of the company's stock.

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.