TE Connectivity Ltd. (NYSE:TEL) Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,525 shares of the electronics maker's stock after selling 2,640 shares during the quarter. KBC Group NV's holdings in TE Connectivity were worth $9,401,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. increased its position in shares of TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares during the last quarter. Fairway Wealth LLC bought a new stake in TE Connectivity in the fourth quarter valued at about $43,000. Global X Japan Co. Ltd. bought a new stake in TE Connectivity in the first quarter valued at about $47,000. Bartlett & CO. Wealth Management LLC increased its holdings in TE Connectivity by 650.8% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock valued at $69,000 after buying an additional 423 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in TE Connectivity by 32.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock valued at $71,000 after buying an additional 123 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Robert W. Baird boosted their price objective on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. UBS Group boosted their price objective on TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a report on Friday, May 30th. Wells Fargo & Company boosted their price objective on TE Connectivity from $156.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday. Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their price objective on TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five 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. Based on data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $163.90.

TE Connectivity Stock Performance

TEL stock traded up $0.88 during midday trading on Friday, reaching $174.29. The company had a trading volume of 584,980 shares, compared to its average volume of 1,715,188. 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 stock has a 50 day moving average price of $161.13 and a 200 day moving average price of $149.86. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $175.03. The firm has a market capitalization of $51.69 billion, a PE ratio of 38.31, a P/E/G ratio of 2.28 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. The company had revenue of $4.14 billion during 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 earnings per share. Analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.63%. TE Connectivity's dividend payout ratio is presently 62.42%.

Insider Buying and Selling at TE Connectivity

In other news, EVP John S. Jenkins sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the completion of the transaction, the executive vice president directly owned 24,625 shares in the company, valued at approximately $3,678,728.75. The trade was a 54.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,775 shares of company stock valued at $29,596,059. 0.90% of the stock is currently owned by insiders.

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.