Vise Technologies Inc. Has $601,000 Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Vise Technologies Inc. grew its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 104.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,205 shares of the electronics maker's stock after acquiring an additional 2,152 shares during the quarter. Vise Technologies Inc.'s holdings in TE Connectivity were worth $601,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TEL. Wellington Management Group LLP acquired a new position in TE Connectivity in the fourth quarter worth $909,598,000. Vanguard Group Inc. boosted its holdings in shares of TE Connectivity by 14.2% in the 4th quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock valued at $4,629,225,000 after buying an additional 4,029,596 shares during the period. Norges Bank bought a new stake in shares of TE Connectivity during the 4th quarter valued at about $508,199,000. Clearbridge Investments LLC raised its stake in TE Connectivity by 72.1% during the fourth quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock worth $581,148,000 after acquiring an additional 1,702,825 shares during the period. Finally, Amundi acquired a new position in TE Connectivity in the fourth quarter valued at approximately $159,992,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 20,400 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total transaction of $3,322,140.00. Following the completion of the transaction, the executive vice president now owns 24,625 shares of the company's stock, valued at $4,010,181.25. The trade was a 45.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Heath A. Mitts sold 37,844 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $153.33, for a total transaction of $5,802,620.52. Following the completion of the sale, the chief financial officer now owns 45,503 shares in the company, valued at approximately $6,976,974.99. The trade was a 45.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,675 shares of company stock worth $27,062,559. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TEL has been the subject of several analyst reports. Citigroup reduced their price objective on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. UBS Group restated a "buy" rating and set a $163.00 price objective (up from $155.00) on shares of TE Connectivity in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company raised their target price on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Five 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $160.30.

TE Connectivity Stock Down 0.6%

Shares of NYSE:TEL traded down $0.96 during trading on Wednesday, reaching $160.41. 1,094,002 shares of the company traded hands, compared to its average volume of 1,701,356. The firm has a fifty day simple moving average of $144.06 and a 200 day simple moving average of $147.01. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $164.11. The firm has a market cap of $47.57 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24.

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 for the quarter, topping the consensus estimate of $1.96 by $0.14. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the firm posted $1.86 EPS. The business's revenue was up 4.4% compared to the same quarter last year. Analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 dividend on an annualized basis and a yield of 1.77%. TE Connectivity's dividend payout ratio is currently 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.