TE Connectivity Ltd. (NYSE:TEL) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,622 shares of the electronics maker’s stock after selling 234 shares during the quarter. E Fund Management Co. Ltd.’s holdings in TE Connectivity were worth $368,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp lifted its holdings in shares of TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after buying an additional 190 shares during the period. EdgeRock Capital LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $41,000. Wetzel Investment Advisors Inc. acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $45,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of TE Connectivity by 176.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock valued at $46,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.

TE Connectivity Trading Up 0.9 %

Shares of NYSE TEL traded up $1.30 during trading on Thursday, hitting $146.10. 1,324,080 shares of the company were exchanged, compared to its average volume of 2,154,223. The company has a fifty day moving average price of $142.48 and a 200-day moving average price of $137.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The firm has a market capitalization of $44.74 billion, a PE ratio of 13.37, a P/E/G ratio of 2.09 and a beta of 1.36. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $147.98.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. TE Connectivity’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts expect that TE Connectivity Ltd. will post 7.51 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.78%. TE Connectivity’s dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TEL shares. Stifel Nicolaus boosted their price objective on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. JPMorgan Chase & Co. reduced their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Robert W. Baird reduced their target price on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Jefferies Financial Group assumed coverage on TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.89.

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.