Oxford Asset Management LLP Buys Shares of 2,339 TE Connectivity Ltd. (NYSE:TEL)

Oxford Asset Management LLP bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,339 shares of the electronics maker's stock, valued at approximately $334,000.

Several other institutional investors also recently bought and sold shares of the company. Modera Wealth Management LLC lifted its stake in shares of TE Connectivity by 2.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after purchasing an additional 78 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of TE Connectivity by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock valued at $2,002,000 after purchasing an additional 83 shares during the last quarter. Ascent Wealth Partners LLC lifted its stake in shares of TE Connectivity by 1.0% in the 4th quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock valued at $1,231,000 after purchasing an additional 85 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of TE Connectivity by 6.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker's stock valued at $240,000 after purchasing an additional 95 shares during the last quarter. Finally, Callan Capital LLC lifted its stake in shares of TE Connectivity by 5.4% in the 4th quarter. Callan Capital LLC now owns 2,071 shares of the electronics maker's stock valued at $296,000 after purchasing an additional 106 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company's stock, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent research reports. StockNews.com downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research note on Thursday, April 24th. Bank of America increased their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $130.00 to $148.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Four equities research 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.50.

TE Connectivity Trading Up 0.7 %

TE Connectivity stock traded up $1.07 during trading hours on Wednesday, reaching $146.32. 2,055,115 shares of the company's stock traded hands, compared to its average volume of 1,683,699. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $159.98. The firm has a market capitalization of $43.66 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.11 and a beta of 1.25. The firm's 50 day moving average is $141.02 and its 200-day moving average is $146.04.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the prior year, the business posted $1.86 EPS. TE Connectivity's revenue was up 4.4% on a year-over-year basis. On average, analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share 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 paid a dividend of $0.71 per share. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, May 21st. TE Connectivity's dividend payout ratio (DPR) is currently 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.