34,973 Shares in TE Connectivity Ltd. (NYSE:TEL) Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,973 shares of the electronics maker's stock, valued at approximately $5,000,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TEL. SRS Capital Advisors Inc. increased its position in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after purchasing an additional 107 shares in the last quarter. Fairway Wealth LLC acquired a new stake in TE Connectivity during the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC acquired a new stake in TE Connectivity during the 4th quarter worth approximately $44,000. Deseret Mutual Benefit Administrators acquired a new stake in TE Connectivity during the 4th quarter worth approximately $57,000. Finally, Webster Bank N. A. acquired a new stake in TE Connectivity during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insiders Place Their Bets

In other TE Connectivity news, SVP Malavika Sagar sold 3,125 shares of TE Connectivity stock in a transaction on Monday, May 12th. The shares were sold at an average price of $160.00, for a total value of $500,000.00. Following the completion of the transaction, the senior vice president now owns 5,927 shares of the company's stock, valued at $948,320. The trade was a 34.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John S. Jenkins sold 20,400 shares of TE Connectivity stock in a transaction on Tuesday, May 13th. The stock was 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 directly owns 24,625 shares of the company's stock, valued at approximately $4,010,181.25. This represents a 45.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,675 shares of company stock valued at $27,062,559 over the last 90 days. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Down 0.8%

Shares of TEL stock traded down $1.20 during mid-day trading on Friday, reaching $157.71. 1,298,975 shares of the company were exchanged, compared to its average volume of 1,703,479. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $164.11. 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 capitalization of $46.77 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.11 and a beta of 1.24. The business's 50 day simple moving average is $143.56 and its 200 day simple moving average is $147.01.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 earnings per share. Research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm 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 $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Wednesday, May 21st. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and issued a $163.00 price objective (up previously from $155.00) on shares of TE Connectivity in a research report on Thursday, April 24th. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Thursday, April 24th. Finally, Vertical Research raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $160.30.

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.