Nuveen Asset Management LLC Has $226.39 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Nuveen Asset Management LLC grew its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,583,503 shares of the electronics maker's stock after buying an additional 39,715 shares during the period. Nuveen Asset Management LLC owned about 0.53% of TE Connectivity worth $226,393,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TEL. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity in the fourth quarter worth $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after buying an additional 107 shares during the period. Fairway Wealth LLC bought a new stake in shares of TE Connectivity during the 4th quarter valued at about $43,000. Golden State Wealth Management LLC acquired a new stake in TE Connectivity during the fourth quarter worth about $44,000. Finally, Deseret Mutual Benefit Administrators acquired a new position in TE Connectivity in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insiders Place Their Bets

In other TE Connectivity news, EVP John S. Jenkins sold 30,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the completion of the sale, the executive vice president now directly owns 24,625 shares in the company, valued at approximately $3,678,728.75. This trade represents a 54.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction dated 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 transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,812,497.52. This trade represents a 49.04% 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 ninety days. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of research reports. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company raised their price target on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Citigroup reduced their price objective on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $160.30.

TE Connectivity Price Performance

TEL traded down $1.07 during trading on Monday, reaching $162.92. The stock had a trading volume of 1,185,827 shares, compared to its average volume of 1,697,096. The stock has a 50 day moving average of $142.01 and a two-hundred day moving average of $146.60. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $48.31 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $164.11.

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

TE Connectivity Increases Dividend

The business also recently announced 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 is Wednesday, May 21st. 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%. TE Connectivity's payout ratio is 62.42%.

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.