TE Connectivity Ltd. (NYSE:TEL) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 163,593 shares of the electronics maker's stock after acquiring an additional 7,656 shares during the quarter. Lazard Asset Management LLC owned 0.05% of TE Connectivity worth $23,388,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Modera Wealth Management LLC boosted its holdings in TE Connectivity by 2.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock worth $409,000 after acquiring an additional 78 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of TE Connectivity by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock worth $2,002,000 after purchasing an additional 83 shares during the period. Ascent Wealth Partners LLC lifted its holdings in shares of TE Connectivity by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock worth $1,231,000 after purchasing an additional 85 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of TE Connectivity by 6.0% during the fourth quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker's stock worth $240,000 after purchasing an additional 95 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in shares of TE Connectivity by 5.4% during the fourth quarter. EP Wealth Advisors LLC now owns 1,939 shares of the electronics maker's stock worth $277,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company's stock, valued at $3,812,497.52. This represents a 49.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Malavika Sagar sold 3,125 shares of the 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 directly owns 5,927 shares of the company's stock, valued at approximately $948,320. This represents a 34.52% decrease in their ownership of the stock. 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 in the last three months. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Stock Performance

NYSE:TEL traded up $0.91 during trading hours on Friday, reaching $164.03. The company had a trading volume of 1,411,880 shares, compared to its average volume of 1,696,545. 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 $48.64 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The business's 50 day moving average price is $142.01 and its 200-day moving average price is $146.64. 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 (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, beating analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.73%. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio is presently 62.42%.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price for the company in a report on Friday, April 25th. Bank of America lifted their target price on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on TE Connectivity from $130.00 to $148.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Finally, Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $159.50.

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.