TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 41.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 850,457 shares of the electronics maker’s stock after acquiring an additional 249,113 shares during the quarter. Barclays PLC owned about 0.29% of TE Connectivity worth $121,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. lifted its stake in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 107 shares during the period. Fairway Wealth LLC bought a new position in shares of TE Connectivity in the fourth quarter valued at approximately $43,000. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity during the fourth quarter valued at approximately $44,000. Finally, Hilltop National Bank acquired a new stake in TE Connectivity in the fourth quarter worth approximately $55,000. Institutional investors own 91.43% of the company’s stock.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the 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 sale, the insider now directly owns 25,976 shares in the company, valued at approximately $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 accessible through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of research reports. Citigroup dropped their price objective on TE Connectivity from $165.00 to $142.00 and set a “neutral” rating on the stock in a research note on Monday. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, UBS Group dropped their price target on TE Connectivity from $188.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $159.20.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $129.40 on Wednesday. The stock has a market cap of $38.61 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $159.98. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $144.12 and a 200-day simple moving average of $146.77.

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

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.19%. 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%.

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.