North Star Investment Management Corp. Sells 1,012 Shares of TE Connectivity Ltd. (NYSE:TEL)

North Star Investment Management Corp. lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 25.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,035 shares of the electronics maker’s stock after selling 1,012 shares during the quarter. North Star Investment Management Corp.’s holdings in TE Connectivity were worth $429,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TEL. Brighton Jones LLC bought a new stake in TE Connectivity in the 4th quarter valued at $820,000. Allspring Global Investments Holdings LLC raised its stake in shares of TE Connectivity by 29.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 86,914 shares of the electronics maker’s stock valued at $12,224,000 after purchasing an additional 19,563 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of TE Connectivity by 64.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 13,702 shares of the electronics maker’s stock valued at $1,959,000 after purchasing an additional 5,346 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of TE Connectivity by 10.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,184 shares of the electronics maker’s stock worth $312,000 after buying an additional 204 shares during the period. Finally, Congress Asset Management Co. grew its holdings in shares of TE Connectivity by 3.5% during the fourth quarter. Congress Asset Management Co. now owns 97,044 shares of the electronics maker’s stock worth $13,874,000 after buying an additional 3,309 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of TE Connectivity from $148.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. upped their target price on TE Connectivity from $146.00 to $148.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Hsbc Global Res upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 24th. UBS Group boosted their price target on TE Connectivity from $163.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Finally, Robert W. Baird raised their target price on shares of TE Connectivity from $147.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.50.

TE Connectivity Stock Down 2.1%

TE Connectivity stock opened at $162.48 on Monday. The firm has a market capitalization of $48.18 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The firm’s fifty day moving average price is $150.32 and its two-hundred day moving average price is $148.07. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $167.94. 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 issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $1.86 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed 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. This represents a $2.84 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, August 22nd. TE Connectivity’s dividend payout ratio is currently 62.42%.

Insider Buying and Selling at TE Connectivity

In other news, CFO Heath A. Mitts sold 53,306 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $159.21, for a total value of $8,486,848.26. Following the sale, the chief financial officer now owns 45,503 shares of the company’s stock, valued at $7,244,532.63. The trade was a 53.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John S. Jenkins sold 30,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $149.39, for a total value of $4,481,700.00. Following the sale, the executive vice president now owns 24,625 shares in the company, valued at approximately $3,678,728.75. This represents a 54.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 174,675 shares of company stock valued at $27,369,059 over the last three months. 0.90% of the stock is currently owned by insiders.

TE Connectivity 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.