TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 68.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,816 shares of the electronics maker's stock after purchasing an additional 1,557 shares during the period. Axxcess Wealth Management LLC's holdings in TE Connectivity were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vista Investment Management boosted its stake in TE Connectivity by 0.5% in the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock valued at $1,891,000 after acquiring an additional 70 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of TE Connectivity by 2.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock valued at $534,000 after buying an additional 75 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of TE Connectivity by 4.3% in the first quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock valued at $275,000 after buying an additional 80 shares during the last quarter. First County Bank CT raised its holdings in shares of TE Connectivity by 3.6% in the first quarter. First County Bank CT now owns 2,425 shares of the electronics maker's stock valued at $343,000 after buying an additional 84 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in shares of TE Connectivity by 10.8% in the first quarter. Spire Wealth Management now owns 933 shares of the electronics maker's stock valued at $132,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 20,400 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total value of $3,322,140.00. Following the sale, the executive vice president directly owned 24,625 shares in the company, valued at $4,010,181.25. This represents a 45.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $500,000.00. Following the completion of the sale, the senior vice president owned 5,927 shares in the company, valued at $948,320. This represents a 34.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,775 shares of company stock valued at $29,596,059. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TEL shares. Wells Fargo & Company upped their target price on shares of TE Connectivity from $156.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. upped their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a report on Thursday, April 24th. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Finally, Citigroup raised shares of TE Connectivity from a "neutral" rating to a "buy" rating and increased their price target for the stock from $150.00 to $200.00 in a report on Friday. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $171.70.

TE Connectivity Price Performance

TEL traded up $2.11 on Friday, hitting $177.14. 1,542,540 shares of the company were exchanged, compared to its average volume of 1,713,989. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The business's fifty day moving average is $163.83 and its 200 day moving average is $150.87. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $178.10. The firm has a market capitalization of $52.53 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23.

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 the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders 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 dividend yield of 1.60%. TE Connectivity's dividend payout ratio is presently 62.42%.

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.