Ninety One SA PTY Ltd Raises Holdings in TE Connectivity Ltd. (NYSE:TEL)

Ninety One SA PTY Ltd increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,029 shares of the electronics maker's stock after buying an additional 10,283 shares during the quarter. Ninety One SA PTY Ltd's holdings in TE Connectivity were worth $6,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of TE Connectivity by 358.5% in the third 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 purchased a new position in shares of TE Connectivity in the fourth quarter worth $30,000. Arlington Trust Co LLC purchased a new position in shares of TE Connectivity in the third quarter worth $35,000. Money Concepts Capital Corp increased its stake 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 buying an additional 162 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake 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 buying an additional 210 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Steven T. Merkt sold 99,777 shares of the company's stock in a transaction dated Monday, January 29th. The shares were 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 in the company, valued at approximately $4,386,096. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

TE Connectivity Stock Down 0.8 %

TE Connectivity stock traded down $1.09 during mid-day trading on Thursday, reaching $140.39. The stock had a trading volume of 2,295,878 shares, compared to its average volume of 2,106,382. The company has a market capitalization of $43.63 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.03 and a beta of 1.39. The company has a 50-day moving average price of $142.72 and a two-hundred day moving average price of $135.40. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $147.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16.

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

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity's payout ratio is 22.39%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of TE Connectivity in a report on Sunday. They issued a "buy" rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of TE Connectivity from $169.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Stifel Nicolaus lifted their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the company a "hold" rating in a report on Thursday, January 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, Robert W. Baird lifted their price target on shares of TE Connectivity from $147.00 to $155.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus target price of $153.30.

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.