DeDora Capital Inc. Makes New Investment in TE Connectivity Ltd. (NYSE:TEL)

DeDora Capital Inc. purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,995 shares of the electronics maker's stock, valued at approximately $282,000.

Other hedge funds have also modified their holdings of the company. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity in the first quarter worth $32,000. North Capital Inc. acquired a new position in TE Connectivity during the first quarter worth $46,000. Global X Japan Co. Ltd. acquired a new position in TE Connectivity during the first quarter worth $47,000. Bartlett & CO. Wealth Management LLC increased its position in TE Connectivity by 650.8% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock worth $69,000 after buying an additional 423 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in TE Connectivity by 32.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock worth $71,000 after buying an additional 123 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. HSBC raised 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. Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on TE Connectivity from $148.00 to $186.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Robert W. Baird lifted their target price on TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $177.10.

TE Connectivity Trading Up 11.9%

TEL stock traded up $21.42 during trading on Wednesday, hitting $201.89. The company had a trading volume of 4,805,456 shares, compared to its average volume of 1,727,634. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $166.46 and a 200-day moving average price of $152.09. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $202.54. The stock has a market cap of $59.87 billion, a price-to-earnings ratio of 44.37, a PEG ratio of 2.22 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data 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 8.67% and a return on equity of 19.40%. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the company posted $1.91 EPS. TE Connectivity's revenue was up 13.9% on a year-over-year basis. As a group, analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's payout ratio is 62.42%.

Insider Activity at TE Connectivity

In other news, 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 value of $3,322,140.00. Following the completion of the transaction, the executive vice president owned 24,625 shares of the company's stock, valued at $4,010,181.25. The trade was a 45.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Malavika Sagar sold 3,125 shares of the business's stock in a transaction 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 transaction, the senior vice president directly owned 5,927 shares of the company's stock, valued at $948,320. This trade represents a 34.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 187,775 shares of company stock worth $29,596,059. 0.90% of the stock is owned by company insiders.

TE Connectivity Company 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.