Stratos Wealth Partners LTD. Sells 831 Shares of TE Connectivity Ltd. (NYSE:TEL)

Stratos Wealth Partners LTD. cut its position in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 31.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,830 shares of the electronics maker’s stock after selling 831 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in TE Connectivity were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in TE Connectivity by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker’s stock valued at $2,479,000 after acquiring an additional 192 shares during the last quarter. J. Safra Sarasin Holding AG increased its position in TE Connectivity by 128.4% during the fourth quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker’s stock valued at $2,219,000 after acquiring an additional 8,728 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in TE Connectivity by 61.2% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker’s stock valued at $1,587,000 after acquiring an additional 4,214 shares during the last quarter. NEOS Investment Management LLC increased its position in TE Connectivity by 29.8% during the fourth quarter. NEOS Investment Management LLC now owns 16,254 shares of the electronics maker’s stock valued at $2,324,000 after acquiring an additional 3,728 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in TE Connectivity by 11.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker’s stock valued at $801,101,000 after acquiring an additional 592,072 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Up 0.4%

Shares of NYSE TEL opened at $176.19 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $52.25 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The stock’s fifty day simple moving average is $165.42 and its two-hundred day simple moving average is $151.46. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $178.28.

TE Connectivity (NYSE:TELGet Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.96 by $0.14. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.61%. TE Connectivity’s dividend payout ratio (DPR) is 62.42%.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 30,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $149.39, for a total value of $4,481,700.00. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at $3,678,728.75. This trade represents a 54.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aaron Kyle Stucki sold 13,100 shares of TE Connectivity stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $170.00, for a total value of $2,227,000.00. Following the transaction, the insider owned 23,657 shares of the company’s stock, valued at $4,021,690. The trade was a 35.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,775 shares of company stock worth $29,596,059 over the last three months. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TEL shares. Hsbc Global Res raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on TE Connectivity from $146.00 to $148.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Robert W. Baird upped their price objective on TE Connectivity from $147.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. UBS Group upped their price objective on TE Connectivity from $185.00 to $201.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Vertical Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.30.

Read Our Latest Research Report on TE Connectivity

About TE Connectivity

(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.

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

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