Insigneo Advisory Services LLC Buys 559 Shares of TE Connectivity Ltd. (NYSE:TEL)

Insigneo Advisory Services LLC lifted its stake in TE Connectivity Ltd. (NYSE:TEL) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,089 shares of the electronics maker’s stock after acquiring an additional 559 shares during the quarter. Insigneo Advisory Services LLC’s holdings in TE Connectivity were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TEL. Montag & Caldwell LLC purchased a new position in shares of TE Connectivity in the 4th quarter worth $1,055,000. Jump Financial LLC bought a new stake in shares of TE Connectivity during the 4th quarter valued at about $325,000. Anchor Investment Management LLC increased its position in shares of TE Connectivity by 4.5% during the 4th quarter. Anchor Investment Management LLC now owns 5,275 shares of the electronics maker’s stock valued at $754,000 after purchasing an additional 227 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of TE Connectivity in the 4th quarter worth approximately $606,000. Finally, Mariner LLC boosted its holdings in shares of TE Connectivity by 1.4% in the fourth quarter. Mariner LLC now owns 33,099 shares of the electronics maker’s stock worth $4,732,000 after buying an additional 454 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 brokerages have commented on TEL. UBS Group reduced their target price on shares of TE Connectivity from $188.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company lifted their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Robert W. Baird reduced their price target on TE Connectivity from $150.00 to $147.00 and set an “outperform” rating for the company in a research report on Tuesday. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Citigroup lowered their price target on shares of TE Connectivity from $165.00 to $142.00 and set a “neutral” rating on the stock in a report on Monday. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $159.20.

TE Connectivity Stock Down 1.9 %

Shares of TEL stock opened at $127.09 on Thursday. The stock has a market cap of $37.92 billion, a P/E ratio of 20.30, a PEG ratio of 2.11 and a beta of 1.25. The company’s fifty day simple moving average is $143.72 and its two-hundred day simple moving average is $146.63. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $159.98.

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

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.71 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 annualized dividend and a yield of 2.23%. 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%.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

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.