International Assets Investment Management LLC Purchases Shares of 76,573 TE Connectivity Ltd. (NYSE:TEL)

International Assets Investment Management LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 76,573 shares of the electronics maker’s stock, valued at approximately $10,759,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised 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 valued at $30,000 after purchasing an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of TE Connectivity in the 4th quarter worth approximately $30,000. Arlington Trust Co LLC purchased a new stake in shares of TE Connectivity in the 3rd quarter worth approximately $35,000. Money Concepts Capital Corp grew its stake in shares of TE Connectivity by 101.3% in the 4th 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 last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of TE Connectivity by 176.5% in the 4th 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 last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other news, insider Steven T. Merkt sold 99,777 shares of the firm’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 directly owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TEL shares. Stifel Nicolaus upped their price target on TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Jefferies Financial Group started coverage on TE Connectivity in a research note on Tuesday. They issued a “buy” rating and a $180.00 price target on the stock. JPMorgan Chase & Co. upped their price target on TE Connectivity from $169.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company started coverage on TE Connectivity in a research note on Friday, December 15th. They issued an “equal weight” rating and a $144.00 price target on the stock. Finally, Citigroup assumed coverage on TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.30.

TE Connectivity Stock Performance

Shares of TEL opened at $142.98 on Friday. The business’s fifty day simple moving average is $142.73 and its two-hundred day simple moving average is $134.86. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $147.98. The company has a market cap of $44.44 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 2.09 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last released 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 firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the business posted $1.53 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 7.57 earnings per share 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. Stockholders of record on Friday, February 21st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.82%. TE Connectivity’s dividend payout ratio (DPR) is currently 22.39%.

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.