TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 384,804 shares of the electronics maker's stock after acquiring an additional 22,031 shares during the period. Boston Trust Walden Corp owned 0.12% of TE Connectivity worth $54,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its position in TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker's stock worth $30,000 after buying an additional 190 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of TE Connectivity in the fourth quarter worth $30,000. Arlington Trust Co LLC bought a new position in shares of TE Connectivity in the third quarter worth $35,000. Money Concepts Capital Corp increased its position in shares of TE Connectivity by 101.3% in the fourth quarter. Money Concepts Capital Corp now owns 322 shares of the electronics maker's stock worth $37,000 after purchasing an additional 162 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of TE Connectivity by 176.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker's stock worth $46,000 after purchasing an additional 210 shares during the period. Institutional investors own 91.43% of the company's stock.

Insiders Place Their Bets

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the business's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the transaction, the insider now owns 30,459 shares of the company's stock, valued at $4,386,096. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.86% of the company's stock.

TE Connectivity Stock Up 0.1 %

Shares of NYSE TEL traded up $0.17 during midday trading on Friday, hitting $144.65. 1,105,682 shares of the stock traded hands, compared to its average volume of 2,140,990. The company has a market cap of $44.96 billion, a PE ratio of 13.72, a P/E/G ratio of 2.07 and a beta of 1.39. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $147.96. The business has a 50 day moving average price of $142.55 and a two-hundred day moving average price of $134.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.86.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.13. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.87 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. TE Connectivity's quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts predict that TE Connectivity Ltd. will post 7.57 EPS for the current year.

TE Connectivity declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 12th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.65 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.80%. TE Connectivity's dividend payout ratio is currently 24.67%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company started coverage on TE Connectivity in a research report on Friday, December 15th. They issued an "equal weight" rating and a $144.00 price target on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a research note on Monday. Stifel Nicolaus raised their price objective on TE Connectivity from $140.00 to $145.00 and gave the company a "hold" rating in a research note on Thursday, January 25th. Robert W. Baird raised their price objective on TE Connectivity from $147.00 to $155.00 and gave the company an "outperform" rating in a research note on Thursday, January 25th. Finally, Citigroup started coverage on TE Connectivity in a research note on Friday, January 5th. They issued a "neutral" rating and a $146.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $146.67.

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.