Guyasuta Investment Advisors Inc. Has $41.43 Million Position in TE Connectivity Ltd. (NYSE:TEL)

Guyasuta Investment Advisors Inc. lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 293,141 shares of the electronics maker's stock after acquiring an additional 4,868 shares during the quarter. TE Connectivity makes up about 2.7% of Guyasuta Investment Advisors Inc.'s portfolio, making the stock its 13th biggest holding. Guyasuta Investment Advisors Inc. owned 0.10% of TE Connectivity worth $41,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TEL. SRS Capital Advisors Inc. boosted 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 worth $28,000 after acquiring an additional 107 shares during the period. Fairway Wealth LLC bought a new stake in TE Connectivity in the 4th quarter valued at $43,000. Global X Japan Co. Ltd. bought a new stake in TE Connectivity in the 1st quarter valued at $47,000. Deseret Mutual Benefit Administrators bought a new stake in TE Connectivity in the 4th quarter valued at $57,000. Finally, Loomis Sayles & Co. L P boosted its stake in TE Connectivity by 32.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock valued at $71,000 after purchasing an additional 123 shares during the period. 91.43% of the stock is currently owned by institutional investors.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 25,976 shares of the company's stock, valued at approximately $4,130,963.28. The trade was a 49.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 20,400 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $162.85, for a total value of $3,322,140.00. Following the transaction, the executive vice president now directly owns 24,625 shares of the company's stock, valued at $4,010,181.25. This trade represents a 45.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,675 shares of company stock valued at $27,369,059. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Price Performance

Shares of NYSE:TEL traded up $2.68 during trading on Monday, reaching $165.88. 1,600,306 shares of the company traded hands, compared to its average volume of 1,705,240. The company's 50 day moving average is $153.80 and its two-hundred day moving average is $148.46. The firm has a market capitalization of $49.19 billion, a PE ratio of 36.46, a PEG ratio of 2.13 and a beta of 1.23. 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 Ltd. has a 52 week low of $116.30 and a 52 week high of $167.94.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results 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 return on equity of 19.40% and a net margin of 8.67%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the company posted $1.86 EPS. The company's revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.71%. TE Connectivity's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TEL. Wall Street Zen downgraded TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company boosted their price target on TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. UBS Group boosted their price target on TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Robert W. Baird boosted their price target on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Citigroup reduced their price target on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.50.

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.