TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Financial Counselors Inc.

Financial Counselors Inc. grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,572 shares of the electronics maker's stock after purchasing an additional 6,780 shares during the period. Financial Counselors Inc. owned approximately 0.06% of TE Connectivity worth $23,399,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth $820,000. Jones Financial Companies Lllp grew its position in TE Connectivity by 23.5% during the fourth quarter. Jones Financial Companies Lllp now owns 3,305 shares of the electronics maker's stock worth $473,000 after buying an additional 628 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of TE Connectivity by 14.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,634 shares of the electronics maker's stock valued at $949,000 after acquiring an additional 841 shares during the period. Victory Capital Management Inc. grew its holdings in shares of TE Connectivity by 6.2% in the 4th quarter. Victory Capital Management Inc. now owns 155,903 shares of the electronics maker's stock worth $22,289,000 after acquiring an additional 9,093 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of TE Connectivity by 18.1% in the 4th quarter. Assetmark Inc. now owns 2,677 shares of the electronics maker's stock worth $383,000 after acquiring an additional 411 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TEL shares. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research report on Thursday, April 24th. Citigroup dropped their price target on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Robert W. Baird raised their price target on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price objective on TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and an average price target of $163.90.

Insiders Place Their Bets

In other news, CFO Heath A. Mitts sold 53,306 shares of TE Connectivity stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $159.21, for a total value of $8,486,848.26. Following the transaction, the chief financial officer directly owned 45,503 shares of the company's stock, valued at $7,244,532.63. The trade was a 53.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Malavika Sagar sold 3,125 shares of TE Connectivity stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $160.00, for a total value of $500,000.00. Following the completion of the transaction, the senior vice president directly 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 worth $29,596,059. 0.90% of the stock is owned by insiders.

TE Connectivity Trading Up 0.7%

NYSE:TEL traded up $1.24 during mid-day trading on Tuesday, reaching $172.38. The company's stock had a trading volume of 1,498,299 shares, compared to its average volume of 1,710,990. The company's fifty day simple moving average is $161.65 and its two-hundred day simple moving average is $150.09. 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 twelve month low of $116.30 and a twelve month high of $175.03. The stock has a market cap of $51.12 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.24 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $1.86 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio is currently 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.