TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Boosted by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 475.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,141 shares of the electronics maker’s stock after acquiring an additional 3,421 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in TE Connectivity were worth $592,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TEL. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. lifted its holdings in TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 107 shares during the period. Fairway Wealth LLC acquired a new stake in TE Connectivity in the fourth quarter worth about $43,000. Golden State Wealth Management LLC acquired a new stake in TE Connectivity in the fourth quarter worth about $44,000. Finally, Hilltop National Bank acquired a new stake in TE Connectivity in the fourth quarter worth about $55,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $146.10 on Friday. 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 Ltd. has a one year low of $137.61 and a one year high of $159.98. The firm has a market capitalization of $43.59 billion, a PE ratio of 23.34, a P/E/G ratio of 2.11 and a beta of 1.32. The firm has a 50-day moving average of $148.91 and a two-hundred day moving average of $148.33.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. TE Connectivity’s dividend payout ratio is 45.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Bank of America upped their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, HSBC raised shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target for the company in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $167.00.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,812,497.52. This represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is 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.