Two Sigma Securities LLC Reduces Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Two Sigma Securities LLC lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,974 shares of the electronics maker’s stock after selling 1,573 shares during the period. Two Sigma Securities LLC’s holdings in TE Connectivity were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Nebula Research & Development LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth $441,000. Integrated Wealth Concepts LLC raised its position in shares of TE Connectivity by 5.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,742 shares of the electronics maker’s stock worth $678,000 after buying an additional 238 shares in the last quarter. Burling Wealth Partners LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth $1,125,000. MGO One Seven LLC raised its position in shares of TE Connectivity by 62.5% in the fourth quarter. MGO One Seven LLC now owns 2,419 shares of the electronics maker’s stock worth $346,000 after buying an additional 930 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its position in shares of TE Connectivity by 537.7% in the fourth quarter. Dark Forest Capital Management LP now owns 12,895 shares of the electronics maker’s stock worth $1,844,000 after buying an additional 10,873 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.4 %

Shares of NYSE:TEL opened at $144.94 on Tuesday. The stock’s 50-day moving average price is $141.23 and its 200-day moving average price is $146.05. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $159.98. The stock has a market capitalization of $43.24 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.14. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date is Wednesday, May 21st. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a dividend yield of 1.96%. TE Connectivity’s dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TEL shares. Bank of America increased their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. StockNews.com cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Robert W. Baird increased their target price on TE Connectivity from $147.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Hsbc Global Res raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 24th. Finally, Vertical Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Friday. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.50.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total value of $3,669,250.00. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% 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.