Tyler Stone Wealth Management Sells 530 Shares of TE Connectivity Ltd. (NYSE:TEL)

Tyler Stone Wealth Management reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,490 shares of the electronics maker’s stock after selling 530 shares during the period. Tyler Stone Wealth Management’s holdings in TE Connectivity were worth $213,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in TE Connectivity in the 4th quarter worth $758,000. Financial Engines Advisors L.L.C. purchased a new position in shares of TE Connectivity in the fourth quarter worth about $216,000. Financial Counselors Inc. lifted its stake in shares of TE Connectivity by 4.6% in the 4th quarter. Financial Counselors Inc. now owns 158,792 shares of the electronics maker’s stock valued at $22,703,000 after acquiring an additional 6,914 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its holdings in TE Connectivity by 53.0% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 76,096 shares of the electronics maker’s stock valued at $10,879,000 after acquiring an additional 26,349 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in TE Connectivity by 67.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 400,892 shares of the electronics maker’s stock worth $57,316,000 after acquiring an additional 161,595 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TEL shares. StockNews.com lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Bank of America raised their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup upped their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Robert W. Baird raised their target price on TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target for the company in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $167.00.

TE Connectivity Price Performance

TEL opened at $149.69 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The company has a market cap of $44.66 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The stock has a fifty day simple moving average of $149.34 and a two-hundred day simple moving average of $148.41. TE Connectivity Ltd. has a 12-month low of $137.61 and a 12-month high of $159.98.

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

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. TE Connectivity’s dividend payout ratio (DPR) is 45.37%.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by company 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.