TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Sciencast Management LP

Sciencast Management LP raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 161.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,930 shares of the electronics maker’s stock after buying an additional 11,699 shares during the period. Sciencast Management LP’s holdings in TE Connectivity were worth $2,706,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in TEL. Modera Wealth Management LLC boosted its stake in TE Connectivity by 2.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker’s stock valued at $409,000 after acquiring an additional 78 shares during the last quarter. King Luther Capital Management Corp raised its holdings in TE Connectivity by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker’s stock worth $2,002,000 after purchasing an additional 83 shares during the period. Ascent Wealth Partners LLC raised its holdings in shares of TE Connectivity by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker’s stock worth $1,231,000 after acquiring an additional 85 shares during the period. Moors & Cabot Inc. raised its holdings in shares of TE Connectivity by 6.0% during the fourth quarter. Moors & Cabot Inc. now owns 1,680 shares of the electronics maker’s stock worth $240,000 after acquiring an additional 95 shares during the period. Finally, Callan Capital LLC increased its stake in TE Connectivity by 5.4% in the 4th quarter. Callan Capital LLC now owns 2,071 shares of the electronics maker’s stock valued at $296,000 after buying an additional 106 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the business’s 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. The trade was a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

TEL has been the topic of several recent research reports. Bank of America lifted their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Robert W. Baird lifted their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $167.00.

TE Connectivity Stock Performance

Shares of TEL stock opened at $146.10 on Friday. The business’s 50 day simple moving average is $148.91 and its 200 day simple moving average is $148.33. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The stock has a market capitalization of $43.59 billion, a PE ratio of 23.34, a PEG ratio of 2.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10.

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, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently disclosed 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. This represents a $2.84 dividend on an annualized basis and a yield of 1.94%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s payout ratio is currently 45.37%.

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.