Tidal Investments LLC Has $11.94 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Tidal Investments LLC boosted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 277.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,533 shares of the electronics maker's stock after acquiring an additional 61,405 shares during the period. Tidal Investments LLC's holdings in TE Connectivity were worth $11,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TEL. SRS Capital Advisors Inc. lifted its holdings in TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 107 shares in the last quarter. Fairway Wealth LLC acquired a new stake in TE Connectivity during the fourth quarter worth approximately $43,000. Golden State Wealth Management LLC purchased a new stake in TE Connectivity in the 4th quarter worth approximately $44,000. Deseret Mutual Benefit Administrators acquired a new position in TE Connectivity in the 4th quarter valued at $57,000. Finally, Webster Bank N. A. purchased a new position in shares of TE Connectivity during the 4th quarter worth $61,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

NYSE TEL traded down $0.67 during trading on Thursday, reaching $158.84. 1,244,055 shares of the company traded hands, compared to its average volume of 1,702,041. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The company has a market cap of $47.10 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $164.11. The stock's 50 day moving average price is $143.10 and its two-hundred day moving average price is $146.89.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently 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. Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upped their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $148.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, UBS Group reiterated a "buy" rating and issued a $163.00 price objective (up previously from $155.00) on shares of TE Connectivity in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $160.30.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares of the company's stock, valued at $3,812,497.52. The trade was a 49.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Heath A. Mitts sold 53,306 shares of the business's stock in a transaction that occurred on 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 now owns 45,503 shares of the company's stock, valued at approximately $7,244,532.63. This trade represents a 53.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,675 shares of company stock worth $27,062,559 over the last ninety days. Insiders own 0.90% of the company's stock.

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.