Signaturefd LLC Raises Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Signaturefd LLC grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,911 shares of the electronics maker’s stock after buying an additional 615 shares during the quarter. Signaturefd LLC’s holdings in TE Connectivity were worth $971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vista Investment Management lifted its stake in shares of TE Connectivity by 0.7% in the 3rd quarter. Vista Investment Management now owns 11,970 shares of the electronics maker’s stock valued at $1,479,000 after purchasing an additional 84 shares during the last quarter. Bison Wealth LLC boosted its stake in TE Connectivity by 1.4% during the third quarter. Bison Wealth LLC now owns 6,576 shares of the electronics maker’s stock worth $812,000 after buying an additional 88 shares during the period. Caprock Group LLC boosted its stake in TE Connectivity by 1.6% during the fourth quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock worth $784,000 after buying an additional 88 shares during the period. GHP Investment Advisors Inc. increased its position in TE Connectivity by 14.2% during the third quarter. GHP Investment Advisors Inc. now owns 756 shares of the electronics maker’s stock valued at $92,000 after acquiring an additional 94 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of TE Connectivity by 4.1% in the third quarter. Ballentine Partners LLC now owns 2,536 shares of the electronics maker’s stock valued at $313,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL opened at $143.77 on Tuesday. 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 business’s fifty day simple moving average is $142.66 and its 200-day simple moving average is $135.86. The company has a market capitalization of $44.68 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.00 and a beta of 1.39. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $147.98.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.13. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the firm posted $1.53 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 7.59 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.81%. TE Connectivity’s dividend payout ratio (DPR) is presently 22.39%.

Insider Activity

In related news, insider Steven T. Merkt sold 99,777 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the completion of the sale, the insider now directly owns 30,459 shares in the company, valued at approximately $4,386,096. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TEL shares. Stifel Nicolaus upped their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. upped their target price on TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. StockNews.com initiated coverage on TE Connectivity in a research note on Monday. They set a “buy” rating for the company. Robert W. Baird upped their price objective on TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $153.30.

About TE Connectivity

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.