Jefferies Financial Group Inc. lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2,334.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,500 shares of the electronics maker's stock after buying an additional 31,165 shares during the period. Jefferies Financial Group Inc.'s holdings in TE Connectivity were worth $4,647,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Modera Wealth Management LLC boosted its stake in shares of TE Connectivity by 2.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after purchasing an additional 78 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of TE Connectivity by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock valued at $2,002,000 after purchasing an additional 83 shares in the last quarter. Ascent Wealth Partners LLC boosted its position in TE Connectivity by 1.0% during the 4th quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock worth $1,231,000 after buying an additional 85 shares during the period. Moors & Cabot Inc. boosted its position in TE Connectivity by 6.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker's stock worth $240,000 after buying an additional 95 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in TE Connectivity by 5.4% during the 4th quarter. EP Wealth Advisors LLC now owns 1,939 shares of the electronics maker's stock worth $277,000 after buying an additional 99 shares during the period. Institutional investors own 91.43% of the company's stock.
Insider Buying and Selling at TE Connectivity
In other news, EVP John S. Jenkins sold 20,400 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total value of $3,322,140.00. Following the completion of the sale, the executive vice president now owns 24,625 shares in the company, valued at $4,010,181.25. This represents a 45.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Aaron Kyle Stucki sold 5,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider now owns 23,646 shares of the company's stock, valued at approximately $3,783,360. The trade was a 17.45% decrease in their position. 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 owned by corporate insiders.
TE Connectivity Stock Up 0.6%
Shares of TE Connectivity stock traded up $0.91 during trading on Friday, reaching $164.03. 1,411,880 shares of the company traded hands, compared to its average volume of 1,695,787. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $164.45. The company has a 50 day moving average price of $141.62 and a 200-day moving average price of $146.56. The firm has a market capitalization of $48.64 billion, a PE ratio of 26.20, a P/E/G ratio of 2.11 and a beta of 1.24.
TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. The company had revenue of $4.14 billion for 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%. TE Connectivity's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's payout ratio is 62.42%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on TEL shares. StockNews.com downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Bank of America increased their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their target price 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. JPMorgan Chase & Co. increased their price target on TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Finally, HSBC raised TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $159.50.
Get Our Latest Stock Report on TEL
About TE Connectivity
(
Free Report)
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.
Further Reading
Before you consider TE Connectivity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TE Connectivity wasn't on the list.
While TE Connectivity currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
