Vontobel Holding Ltd. Buys 1,770 Shares of TE Connectivity Ltd. (NYSE:TEL)

Vontobel Holding Ltd. increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,784 shares of the electronics maker's stock after purchasing an additional 1,770 shares during the quarter. Vontobel Holding Ltd.'s holdings in TE Connectivity were worth $5,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased 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 purchasing an additional 4,029,596 shares during the period. Wellington Management Group LLP acquired a new position in shares of TE Connectivity in the fourth quarter valued at $909,598,000. Geode Capital Management LLC raised its stake in TE Connectivity by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 6,015,210 shares of the electronics maker's stock worth $857,499,000 after acquiring an additional 33,340 shares in the last quarter. Ameriprise Financial Inc. raised its stake in TE Connectivity by 11.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock worth $801,101,000 after acquiring an additional 592,072 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of TE Connectivity by 72.1% in the fourth quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock valued at $581,148,000 after buying an additional 1,702,825 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 53,306 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $159.21, for a total transaction of $8,486,848.26. Following the completion of the transaction, the chief financial officer owned 45,503 shares in the company, valued at $7,244,532.63. This trade represents a 53.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,775 shares of company stock worth $29,596,059 in the last 90 days. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TEL shares. Wells Fargo & Company raised their target price on TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Citigroup reduced their target price 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. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a research note on Friday, April 25th. Robert W. Baird upped their target price on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded TE Connectivity from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $163.90.

TE Connectivity Stock Up 0.5%

TEL traded up $0.88 during trading on Friday, reaching $174.29. The stock had a trading volume of 584,980 shares, compared to its average volume of 1,715,188. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $51.69 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.28 and a beta of 1.23. The stock's 50 day moving average is $161.13 and its two-hundred day moving average is $149.86. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $175.03.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. TE Connectivity's quarterly revenue was up 4.4% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio is presently 62.42%.

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.