TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,070 shares of the electronics maker’s stock after purchasing an additional 466 shares during the period. D.A. Davidson & CO.’s holdings in TE Connectivity were worth $2,398,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 91 shares during the period. Jones Financial Companies Lllp lifted its position in shares of TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after buying an additional 190 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in TE Connectivity during the 4th quarter valued at $30,000. Sachetta LLC acquired a new stake in TE Connectivity during the 4th quarter valued at $34,000. Finally, EdgeRock Capital LLC acquired a new stake in TE Connectivity during the 4th quarter valued at $41,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TE Connectivity

In related news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $837,196.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TEL shares. Jefferies Financial Group started coverage on TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. JPMorgan Chase & Co. dropped their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. StockNews.com initiated coverage on TE Connectivity in a research note on Friday. They issued a “buy” rating on the stock. Finally, Robert W. Baird dropped their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.89.

TE Connectivity Stock Performance

TEL stock traded up $0.87 on Friday, hitting $150.87. The company had a trading volume of 1,180,062 shares, compared to its average volume of 1,470,000. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $152.79. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $144.53 and its 200 day simple moving average is $139.75. The stock has a market cap of $46.20 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 2.21 and a beta of 1.36.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.83 by $0.03. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.65 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.65 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.72%. TE Connectivity’s dividend payout ratio (DPR) is 23.79%.

About TE Connectivity

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.