TE Connectivity Ltd. (NYSE:TEL) Position Increased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,173 shares of the electronics maker's stock after purchasing an additional 1,296 shares during the quarter. Meeder Advisory Services Inc.'s holdings in TE Connectivity were worth $1,579,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TEL. Millstone Evans Group LLC acquired a new stake in TE Connectivity during the 1st quarter worth approximately $32,000. North Capital Inc. acquired a new stake in TE Connectivity during the 1st quarter worth approximately $46,000. Global X Japan Co. Ltd. acquired a new stake in TE Connectivity during the 1st quarter worth approximately $47,000. Bartlett & CO. Wealth Management LLC boosted its holdings in TE Connectivity by 650.8% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock worth $69,000 after acquiring an additional 423 shares during the period. Finally, Ancora Advisors LLC boosted its holdings in TE Connectivity by 150.0% in the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock worth $71,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Down 2.0%

Shares of TEL traded down $4.10 during trading on Friday, reaching $201.65. The company's stock had a trading volume of 2,931,353 shares, compared to its average volume of 1,868,526. The company has a fifty day moving average of $173.44 and a two-hundred day moving average of $155.56. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76. The company has a market cap of $59.58 billion, a price-to-earnings ratio of 41.75, a P/E/G ratio of 2.47 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS. On average, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.

Insider Buying and Selling

In related news, CFO Heath A. Mitts sold 53,306 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $159.21, for a total value of $8,486,848.26. Following the completion of the sale, the chief financial officer owned 45,503 shares of the company's stock, valued at $7,244,532.63. This represents a 53.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president directly owned 4,716 shares of the company's stock, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 258,470 shares of company stock valued at $45,313,205 in the last three months. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a report on Friday, April 25th. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a report on Thursday, April 24th. KGI Securities upgraded TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Finally, Robert W. Baird upped their price target on TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and an average target price of $194.80.

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.