Bank Julius Baer & Co. Ltd Zurich increased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 696,907 shares of the electronics maker's stock after acquiring an additional 50,215 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.24% of TE Connectivity worth $107,026,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of TE Connectivity by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after acquiring an additional 192 shares during the last quarter. J. Safra Sarasin Holding AG lifted its position in TE Connectivity by 128.4% in the fourth quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker's stock valued at $2,219,000 after buying an additional 8,728 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its position in TE Connectivity by 61.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock valued at $1,587,000 after buying an additional 4,214 shares during the last quarter. NEOS Investment Management LLC lifted its position in TE Connectivity by 29.8% in the fourth quarter. NEOS Investment Management LLC now owns 16,254 shares of the electronics maker's stock valued at $2,324,000 after buying an additional 3,728 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in TE Connectivity by 11.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock valued at $801,101,000 after buying an additional 592,072 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.
Insider Buying and Selling
In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Heath A. Mitts sold 53,306 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 45,503 shares in the company, 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. Insiders sold a total of 240,675 shares of company stock valued at $39,794,121 over the last three months. 0.90% of the stock is currently owned by insiders.
TE Connectivity Stock Up 1.7%
Shares of TEL stock traded up $3.34 during trading hours on Thursday, reaching $205.38. 3,269,052 shares of the stock were exchanged, compared to its average volume of 1,853,003. The business's fifty day moving average is $168.02 and its two-hundred day moving average is $152.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.51 and a quick ratio of 1.08. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $206.35. The firm has a market capitalization of $60.91 billion, a P/E ratio of 45.14, a P/E/G ratio of 2.23 and a beta of 1.23.
TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The business's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.38%. TE Connectivity's dividend payout ratio is currently 62.42%.
Wall Street Analyst Weigh In
TEL has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. 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 research report on Friday, April 25th. Bank of America upped their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. UBS Group increased their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $194.80.
Read Our Latest Analysis on TEL
TE Connectivity Profile
(
Free Report)
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.
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