Wealth Enhancement Advisory Services LLC Grows Holdings in TE Connectivity Ltd. (NYSE:TEL)

Wealth Enhancement Advisory Services LLC boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,705 shares of the electronics maker's stock after acquiring an additional 2,691 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in TE Connectivity were worth $5,470,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its position in shares of TE Connectivity by 117.6% during 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 during the period. Fairway Wealth LLC purchased a new stake in TE Connectivity in the 4th quarter worth $43,000. Loomis Sayles & Co. L P raised its holdings in TE Connectivity by 32.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock valued at $71,000 after acquiring an additional 123 shares during the period. Ancora Advisors LLC lifted its position in shares of TE Connectivity by 150.0% in the fourth quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock valued at $71,000 after acquiring an additional 300 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of TE Connectivity in the fourth quarter worth about $132,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $168.04 on Thursday. The stock has a market cap of $49.83 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The stock has a 50 day moving average price of $156.08 and a 200-day moving average price of $148.82. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $168.49.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.97 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. Equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio is currently 62.42%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 20,400 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 24,625 shares in the company, valued at $4,010,181.25. This represents a 45.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the business'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 completion of the sale, the insider now owns 25,976 shares of the company's stock, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 174,675 shares of company stock worth $27,369,059. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TEL shares. Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group lowered their target price on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. 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. Robert W. Baird lifted their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Citigroup dropped their price objective on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and a consensus target price of $162.50.

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.

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