New York State Teachers Retirement System Lowers Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

New York State Teachers Retirement System reduced its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,982 shares of the electronics maker's stock after selling 8,771 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of TE Connectivity worth $35,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its stake 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 last quarter. J. Safra Sarasin Holding AG raised its stake in TE Connectivity by 128.4% during the fourth quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker's stock worth $2,219,000 after purchasing an additional 8,728 shares during the period. New York State Common Retirement Fund raised its stake in TE Connectivity by 48.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,122 shares of the electronics maker's stock worth $160,000 after purchasing an additional 368 shares during the period. Beverly Hills Private Wealth LLC boosted its holdings in shares of TE Connectivity by 61.2% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock valued at $1,587,000 after purchasing an additional 4,214 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of TE Connectivity by 23.5% during the 4th quarter. Jones Financial Companies Lllp now owns 3,305 shares of the electronics maker's stock valued at $473,000 after buying an additional 628 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Robert W. Baird increased their target price on TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. HSBC raised TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price target on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and a consensus target price of $162.50.

Insider Buying and Selling

In other news, SVP Malavika Sagar sold 3,125 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $500,000.00. Following the completion of the sale, the senior vice president owned 5,927 shares of the company's stock, valued at approximately $948,320. This trade represents a 34.52% 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 company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $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. Insiders sold a total of 187,775 shares of company stock worth $29,596,059 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Up 1.2%

Shares of NYSE:TEL opened at $168.87 on Tuesday. The company has a 50 day moving average of $158.43 and a two-hundred day moving average of $149.16. The company has a market capitalization of $50.08 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $170.23. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating 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 company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the prior year, the company posted $1.86 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.68%. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

TE Connectivity 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.

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