Mufg Securities Americas Inc. Invests $631,000 in TE Connectivity Ltd. (NYSE:TEL)

Mufg Securities Americas Inc. purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,417 shares of the electronics maker's stock, valued at approximately $631,000.

Other large investors also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth approximately $211,000. Fifth Third Wealth Advisors LLC increased its holdings in TE Connectivity by 8.6% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,767 shares of the electronics maker's stock worth $682,000 after buying an additional 378 shares during the last quarter. Assenagon Asset Management S.A. increased its position in TE Connectivity by 0.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,368 shares of the electronics maker's stock worth $3,484,000 after buying an additional 157 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in TE Connectivity during the fourth quarter worth approximately $1,023,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in TE Connectivity by 35.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 792 shares of the electronics maker's stock worth $113,000 after acquiring an additional 209 shares during the period. 91.43% of the stock is owned by institutional investors.

Insider Activity

In other TE Connectivity news, SVP Malavika Sagar sold 3,125 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $160.00, for a total value of $500,000.00. Following the sale, the senior vice president now owns 5,927 shares of the company's stock, valued at $948,320. This trade represents a 34.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Aaron Kyle Stucki sold 5,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $800,000.00. Following the transaction, the insider now owns 23,646 shares of the company's stock, valued at approximately $3,783,360. This represents a 17.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,675 shares of company stock worth $27,062,559 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reaffirmed a "buy" rating and set a $163.00 price target (up from $155.00) on shares of TE Connectivity in a report on Thursday, April 24th. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research note on Thursday, April 24th. Citigroup decreased their target price on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Robert W. Baird raised their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $160.30.

TE Connectivity Stock Down 0.7%

NYSE:TEL traded down $1.07 during trading hours on Monday, hitting $162.92. The company's stock had a trading volume of 1,185,827 shares, compared to its average volume of 1,697,096. The stock has a fifty day moving average of $142.01 and a 200-day moving average of $146.60. The stock has a market capitalization of $48.31 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $164.11. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

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

TE Connectivity Increases Dividend

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

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.