TE Connectivity Ltd. (NYSE:TEL) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 61.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,810 shares of the electronics maker’s stock after selling 2,858 shares during the period. MONECO Advisors LLC’s holdings in TE Connectivity were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC increased its stake in TE Connectivity by 97.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Jones Financial Companies Lllp increased its stake in TE Connectivity by 358.5% during the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in TE Connectivity during the fourth quarter valued at $30,000. Crewe Advisors LLC bought a new stake in TE Connectivity during the fourth quarter valued at $33,000. Finally, Sachetta LLC bought a new stake in TE Connectivity during the fourth quarter valued at $34,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Price Performance

TEL traded up $2.06 on Monday, reaching $149.41. The company had a trading volume of 704,452 shares, compared to its average volume of 1,974,991. The company has a fifty day moving average of $146.36 and a 200-day moving average of $142.02. The company has a market capitalization of $45.75 billion, a P/E ratio of 13.48, a PEG ratio of 2.17 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $152.79.

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

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the sale, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.