Tredje AP fonden cut its stake in shares of TE Connectivity Ltd (NYSE:TEL) by 50.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 24,499 shares of the electronics maker’s stock after selling 25,098 shares during the period. Tredje AP fonden’s holdings in TE Connectivity were worth $2,716,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. WASHINGTON TRUST Co acquired a new stake in shares of TE Connectivity in the first quarter valued at about $35,000. Advisory Alpha LLC lifted its stake in TE Connectivity by 259.3% in the 4th quarter. Advisory Alpha LLC now owns 388 shares of the electronics maker’s stock valued at $38,000 after buying an additional 280 shares in the last quarter. Americana Partners LLC purchased a new position in TE Connectivity in the 4th quarter valued at about $40,000. NEXT Financial Group Inc boosted its holdings in TE Connectivity by 34.1% in the 1st quarter. NEXT Financial Group Inc now owns 645 shares of the electronics maker’s stock worth $40,000 after buying an additional 164 shares during the last quarter. Finally, Eudaimonia Partners LLC increased its stake in TE Connectivity by 72.9% during the 1st quarter. Eudaimonia Partners LLC now owns 631 shares of the electronics maker’s stock worth $40,000 after buying an additional 266 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.
TE Connectivity stock traded down $0.06 during midday trading on Friday, hitting $76.23. 1,186,299 shares of the stock were exchanged, compared to its average volume of 1,852,155. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $69.65 and its 200 day simple moving average is $84.15. TE Connectivity Ltd has a fifty-two week low of $48.62 and a fifty-two week high of $101.00. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.95 and a beta of 1.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.52%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, May 21st. TE Connectivity’s dividend payout ratio is presently 34.59%.
A number of analysts have recently issued reports on TEL shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $84.00 price target on shares of TE Connectivity in a research note on Wednesday, March 18th. Cfra lowered their target price on shares of TE Connectivity from $108.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Oppenheimer began coverage on shares of TE Connectivity in a report on Wednesday, May 6th. They set a “buy” rating and a $92.00 target price for the company. Bank of America decreased their price target on shares of TE Connectivity from $109.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Loop Capital assumed coverage on shares of TE Connectivity in a research report on Monday, April 20th. They set a “buy” rating and a $80.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $92.12.
TE Connectivity Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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