Blair William & Co. IL Sells 786 Shares of TE Connectivity Ltd. (NYSE:TEL)

Blair William & Co. IL reduced its stake in TE Connectivity Ltd. (NYSE:TEL) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,029 shares of the electronics maker’s stock after selling 786 shares during the quarter. Blair William & Co. IL’s holdings in TE Connectivity were worth $7,296,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TEL. Algert Global LLC lifted its holdings in TE Connectivity by 17.0% during the 3rd quarter. Algert Global LLC now owns 3,857 shares of the electronics maker’s stock worth $582,000 after purchasing an additional 560 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of TE Connectivity by 13.9% during the third quarter. Public Sector Pension Investment Board now owns 13,076 shares of the electronics maker’s stock worth $1,974,000 after buying an additional 1,600 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in shares of TE Connectivity by 6.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,941 shares of the electronics maker’s stock valued at $293,000 after acquiring an additional 120 shares during the period. Kestra Investment Management LLC acquired a new position in shares of TE Connectivity in the third quarter valued at about $1,473,000. Finally, Atom Investors LP increased its position in TE Connectivity by 238.1% during the third quarter. Atom Investors LP now owns 4,707 shares of the electronics maker’s stock worth $711,000 after acquiring an additional 3,315 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

TEL has been the topic of a number of analyst reports. Bank of America increased their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TE Connectivity has a consensus rating of “Hold” and an average price target of $167.00.

TE Connectivity Price Performance

TEL stock opened at $142.04 on Friday. TE Connectivity Ltd. has a 1 year low of $137.61 and a 1 year high of $159.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The stock has a market cap of $42.38 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.11 and a beta of 1.32. The company has a 50 day simple moving average of $149.32 and a 200 day simple moving average of $148.41.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the business posted $1.84 EPS. TE Connectivity’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a $0.71 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s dividend payout ratio is 45.37%.

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.