TE Connectivity Ltd. (NYSE:TEL) Stake Cut by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 32.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,926 shares of the electronics maker's stock after selling 8,790 shares during the period. Kintegral Advisory LLC's holdings in TE Connectivity were worth $2,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. SRS Capital Advisors Inc. increased its stake in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 107 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $43,000. North Capital Inc. acquired a new position in shares of TE Connectivity during the 1st quarter valued at about $46,000. Global X Japan Co. Ltd. acquired a new position in shares of TE Connectivity during the 1st quarter valued at about $47,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of TE Connectivity by 650.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock valued at $69,000 after acquiring an additional 423 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TE Connectivity

In other news, insider Aaron Kyle Stucki sold 13,100 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,227,000.00. Following the completion of the sale, the insider owned 23,657 shares of the company's stock, valued at approximately $4,021,690. This trade represents a 35.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm'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 transaction of $3,975,750.00. Following the sale, the insider directly owned 25,976 shares of the company's stock, valued at $4,130,963.28. The trade was a 49.04% decrease in their position. 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.

TE Connectivity Stock Down 1.9%

NYSE:TEL traded down $3.24 during trading hours on Monday, hitting $171.05. The stock had a trading volume of 1,341,282 shares, compared to its average volume of 1,713,692. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $178.40. The business has a 50 day simple moving average of $161.13 and a two-hundred day simple moving average of $149.90. The company has a market cap of $50.72 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.

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

TE Connectivity Dividend Announcement

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 1.66%. The ex-dividend date is Friday, August 22nd. TE Connectivity's payout ratio is currently 62.42%.

Analyst Ratings Changes

A number of research analysts have recently commented on TEL shares. UBS Group upped their price objective on shares of TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Vertical Research raised shares of 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. Wells Fargo & Company increased their target price on shares of TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Robert W. Baird increased their target price on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.90.

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.