TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 99.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328 shares of the electronics maker's stock after selling 44,816 shares during the quarter. Bogart Wealth LLC's holdings in TE Connectivity were worth $46,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TEL. Wellington Management Group LLP acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $909,598,000. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 14.2% during the 4th quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock worth $4,629,225,000 after buying an additional 4,029,596 shares during the period. Norges Bank acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $508,199,000. Clearbridge Investments LLC raised its stake in shares of TE Connectivity by 72.1% during the 4th quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock worth $581,148,000 after buying an additional 1,702,825 shares during the period. Finally, Woodline Partners LP acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $127,351,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group upped their target price on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday. Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a research note on Saturday. Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Robert W. Baird increased their price objective 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, JPMorgan Chase & Co. increased their price objective on TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $173.30.

TE Connectivity Stock Down 0.4%

Shares of NYSE:TEL opened at $175.56 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $164.90 and a two-hundred day moving average of $151.29. The stock has a market cap of $52.06 billion, a P/E ratio of 38.59, a PEG 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 $178.28.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results 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. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS. On average, research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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 issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, August 22nd. TE Connectivity's payout ratio is currently 62.42%.

Insider Buying and Selling

In other news, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $500,000.00. Following the completion of the transaction, the senior vice president directly owned 5,927 shares in the company, valued at approximately $948,320. This represents a 34.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the transaction, the insider owned 25,976 shares of the company's stock, valued at approximately $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 187,775 shares of company stock worth $29,596,059 over the last quarter. Corporate insiders own 0.90% of the company's stock.

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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