18,860 Shares in TE Connectivity Ltd. (NYSE:TEL) Bought by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. purchased a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,860 shares of the electronics maker's stock, valued at approximately $2,665,000.

Several other hedge funds have also recently bought and sold shares of TEL. Brighton Jones LLC purchased a new position in TE Connectivity in the fourth quarter valued at approximately $820,000. New York State Common Retirement Fund raised its holdings in TE Connectivity by 48.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,122 shares of the electronics maker's stock valued at $160,000 after buying an additional 368 shares during the period. Oppenheimer & Co. Inc. raised its holdings in TE Connectivity by 16.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,889 shares of the electronics maker's stock valued at $699,000 after buying an additional 698 shares during the period. Mutual of America Capital Management LLC purchased a new position in TE Connectivity in the fourth quarter valued at approximately $5,123,000. Finally, SRS Capital Advisors Inc. raised its holdings in TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Buying and Selling at TE Connectivity

In related news, insider Aaron Kyle Stucki sold 13,100 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,227,000.00. Following the transaction, the insider directly owned 23,657 shares in the company, valued at $4,021,690. This trade represents a 35.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the transaction, the insider owned 25,976 shares in the company, valued at $4,130,963.28. This trade represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,775 shares of company stock valued at $29,596,059. Corporate insiders own 0.90% of the company's stock.

Analyst Ratings Changes

TEL has been the topic of several research reports. Robert W. Baird raised their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. The Goldman Sachs Group lowered their price objective 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. Wall Street Zen downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Citigroup lowered their price objective on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company increased their price objective on shares of TE Connectivity from $156.00 to $170.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $163.90.

TE Connectivity Stock Up 0.5%

Shares of TEL stock traded up $0.88 during mid-day trading on Friday, reaching $174.29. 584,980 shares of the company were exchanged, compared to its average volume of 1,715,188. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $175.03. 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 company has a market capitalization of $51.69 billion, a P/E ratio of 38.31, a P/E/G ratio of 2.28 and a beta of 1.23. The business's 50 day simple moving average is $161.13 and its 200 day simple moving average is $149.90.

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

TE Connectivity Announces Dividend

The business 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's payout ratio is currently 62.42%.

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.