RFG Advisory LLC Sells 106 Shares of TE Connectivity Ltd. (NYSE:TEL)

RFG Advisory LLC lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,516 shares of the electronics maker’s stock after selling 106 shares during the period. RFG Advisory LLC’s holdings in TE Connectivity were worth $213,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TEL. Cibc World Market Inc. grew its stake in TE Connectivity by 63.8% in the 1st quarter. Cibc World Market Inc. now owns 11,366 shares of the electronics maker’s stock valued at $1,489,000 after buying an additional 4,427 shares during the last quarter. Cetera Investment Advisers grew its stake in TE Connectivity by 16.2% in the 1st quarter. Cetera Investment Advisers now owns 25,817 shares of the electronics maker’s stock valued at $3,382,000 after buying an additional 3,598 shares during the last quarter. Dakota Wealth Management grew its stake in TE Connectivity by 23.0% in the 1st quarter. Dakota Wealth Management now owns 4,259 shares of the electronics maker’s stock valued at $558,000 after buying an additional 797 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in TE Connectivity by 108.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,336 shares of the electronics maker’s stock valued at $437,000 after buying an additional 1,739 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of TE Connectivity by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock worth $3,617,824,000 after purchasing an additional 308,580 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

TEL has been the topic of a number of analyst reports. Citigroup initiated coverage on shares of TE Connectivity in a research report on Friday, January 5th. They set a “neutral” rating and a $146.00 target price on the stock. Robert W. Baird increased their target price on shares of TE Connectivity from $147.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $169.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com initiated coverage on shares of TE Connectivity in a research report on Sunday. They set a “buy” rating on the stock. Finally, Stifel Nicolaus increased their target price on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average target price of $153.30.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $142.98 on Friday. The company has a market cap of $44.44 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $142.73 and a 200-day moving average of $134.96. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $147.98.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, beating the consensus estimate of $1.71 by $0.13. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, February 21st. TE Connectivity’s payout ratio is 22.39%.

Insider Activity at TE Connectivity

In related news, insider Steven T. Merkt sold 99,777 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 30,459 shares of the company’s stock, valued at approximately $4,386,096. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.86% of the stock is owned by insiders.

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.