London Co. of Virginia Purchases 341,369 Shares of TE Connectivity Ltd. (NYSE:TEL)

London Co. of Virginia increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,705,296 shares of the electronics maker's stock after buying an additional 341,369 shares during the quarter. TE Connectivity comprises about 1.3% of London Co. of Virginia's investment portfolio, making the stock its 27th biggest position. London Co. of Virginia owned 0.57% of TE Connectivity worth $243,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TEL. Wellington Management Group LLP acquired a new position in TE Connectivity in the 4th quarter worth $909,598,000. Vanguard Group Inc. boosted its holdings in shares of TE Connectivity by 14.2% during the fourth quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock valued at $4,629,225,000 after acquiring an additional 4,029,596 shares during the period. Norges Bank bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $508,199,000. Clearbridge Investments LLC raised its stake in shares of TE Connectivity by 72.1% during the fourth quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock valued at $581,148,000 after purchasing an additional 1,702,825 shares in the last quarter. Finally, Amundi acquired a new stake in TE Connectivity in the fourth quarter worth approximately $159,992,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Aaron Kyle Stucki sold 5,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $800,000.00. Following the completion of the transaction, the insider now owns 23,646 shares in the company, valued at approximately $3,783,360. This represents a 17.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,675 shares of company stock valued at $27,062,559 in the last 90 days. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Trading Up 1.8%

TEL stock traded up $2.84 during midday trading on Thursday, reaching $163.58. The company's stock had a trading volume of 2,049,465 shares, compared to its average volume of 1,695,508. The business's 50-day simple moving average is $141.31 and its 200-day simple moving average is $146.47. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $165.00. The stock has a market cap of $48.51 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24.

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

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is currently 62.42%.

Analyst Ratings Changes

Several research firms have issued reports on TEL. Wells Fargo & Company upped their price target on TE Connectivity from $130.00 to $148.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Bank of America upped their target price on 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 lifted their price target on TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price target 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. Finally, HSBC upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, TE Connectivity presently has a consensus rating of "Moderate Buy" and an average target price of $159.50.

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.