University of Texas Texas AM Investment Management Co. Has $6.72 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

University of Texas Texas AM Investment Management Co. lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,966 shares of the electronics maker's stock after selling 7,457 shares during the period. TE Connectivity accounts for 0.8% of University of Texas Texas AM Investment Management Co.'s portfolio, making the stock its 16th biggest holding. University of Texas Texas AM Investment Management Co.'s holdings in TE Connectivity were worth $6,715,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TEL. Merit Financial Group LLC acquired a new stake in TE Connectivity in the fourth quarter worth approximately $237,000. UMB Bank n.a. bought a new position in TE Connectivity during the fourth quarter valued at about $148,000. Ballentine Partners LLC grew its holdings in TE Connectivity by 2.6% during the fourth quarter. Ballentine Partners LLC now owns 4,907 shares of the electronics maker's stock worth $702,000 after acquiring an additional 125 shares during the period. Dakota Wealth Management raised its position in TE Connectivity by 5.5% in the fourth quarter. Dakota Wealth Management now owns 14,347 shares of the electronics maker's stock worth $2,051,000 after acquiring an additional 748 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of TE Connectivity during the 4th quarter valued at about $779,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and set a $163.00 target price (up from $155.00) on shares of TE Connectivity in a report on Thursday, April 24th. Citigroup dropped their target price on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group cut their target price on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Robert W. Baird raised 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. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and an average price target of $160.30.

TE Connectivity Price Performance

Shares of NYSE TEL traded down $0.05 during mid-day trading on Wednesday, hitting $161.32. 326,807 shares of the stock were exchanged, compared to its average volume of 1,696,739. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $164.11. The stock's fifty day simple moving average is $144.06 and its two-hundred day simple moving average is $147.01. 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 $47.84 billion, a P/E ratio of 25.76, a PEG ratio of 2.11 and a beta of 1.24.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. As a group, analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.76%. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio is currently 62.42%.

Insider Buying and Selling at TE Connectivity

In other news, EVP John S. Jenkins sold 30,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the completion of the sale, the executive vice president now owns 24,625 shares in the company, valued at $3,678,728.75. The trade was a 54.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $8,486,848.26. Following the transaction, the chief financial officer now owns 45,503 shares in the company, valued at approximately $7,244,532.63. The trade was a 53.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 174,675 shares of company stock worth $27,062,559. 0.90% of the stock is currently owned by corporate insiders.

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.