Stephens Inc. AR Cuts Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Stephens Inc. AR trimmed its position in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,458 shares of the electronics maker’s stock after selling 615 shares during the quarter. Stephens Inc. AR’s holdings in TE Connectivity were worth $1,610,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in TE Connectivity in the fourth quarter valued at about $693,985,000. Qube Research & Technologies Ltd acquired a new position in shares of TE Connectivity during the third quarter valued at about $165,640,000. First Trust Advisors LP raised its position in shares of TE Connectivity by 150.9% in the 4th quarter. First Trust Advisors LP now owns 2,143,423 shares of the electronics maker’s stock valued at $301,151,000 after purchasing an additional 1,289,230 shares during the last quarter. Morgan Stanley boosted its stake in TE Connectivity by 11.7% in the 3rd quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock worth $461,872,000 after purchasing an additional 390,723 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in TE Connectivity by 61.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 957,084 shares of the electronics maker’s stock worth $118,229,000 after purchasing an additional 364,377 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Down 0.1 %

Shares of TEL stock opened at $149.17 on Monday. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $152.79. The stock has a market cap of $45.68 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.20 and a beta of 1.35. The stock has a 50 day moving average of $145.83 and a 200 day moving average of $141.36. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24.

TE Connectivity (NYSE:TELGet Free Report) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 7.5 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, February 21st. TE Connectivity’s payout ratio is currently 23.79%.

Analyst Ratings Changes

A number of research analysts have issued reports on TEL shares. Robert W. Baird decreased their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Jefferies Financial Group started coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price for the company. StockNews.com started coverage on TE Connectivity in a research note on Sunday. They set a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. dropped their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $153.89.

Get Our Latest Stock Report on TE Connectivity

Insider Activity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the sale, the director now owns 5,917 shares in the company, valued at $837,196.33. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

TE Connectivity Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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