Boston Trust Walden Corp Reduces Holdings in TE Connectivity Ltd. (NYSE:TEL)

Boston Trust Walden Corp reduced its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,837 shares of the electronics maker's stock after selling 13,318 shares during the period. Boston Trust Walden Corp owned approximately 0.12% of TE Connectivity worth $50,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vista Investment Management raised its position in shares of 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 buying an additional 70 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position 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 worth $534,000 after purchasing an additional 75 shares during the period. Modera Wealth Management LLC raised its stake in TE Connectivity by 2.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after purchasing an additional 78 shares in the last quarter. Wedmont Private Capital lifted its position in TE Connectivity by 4.3% during the first quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock worth $275,000 after purchasing an additional 80 shares during the period. Finally, King Luther Capital Management Corp grew its stake in TE Connectivity by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock worth $2,002,000 after buying an additional 83 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on TEL shares. JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price for the company in a research report on Friday, April 25th. UBS Group upped their price objective on TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 30th. HSBC upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group decreased their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.50.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 30,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the sale, the executive vice president now owns 24,625 shares in the company, valued at approximately $3,678,728.75. This trade represents a 54.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Heath A. Mitts sold 37,844 shares of TE Connectivity stock in a transaction 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 sale, the chief financial officer now directly owns 45,503 shares of the company's stock, valued at $6,976,974.99. This represents a 45.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,675 shares of company stock valued at $27,369,059. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Down 0.0%

NYSE:TEL traded down $0.03 on Thursday, hitting $163.63. The stock had a trading volume of 1,450,048 shares, compared to its average volume of 1,708,268. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $167.94. The firm's fifty day simple moving average is $152.37 and its two-hundred day simple moving average is $148.38. The stock has a market cap of $48.52 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.96 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. TE Connectivity's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. Analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's 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.