TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,436 shares of the electronics maker’s stock after selling 567 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in TE Connectivity were worth $3,208,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in shares of TE Connectivity during the 4th quarter worth about $26,000. SRS Capital Advisors Inc. grew its position in shares of TE Connectivity by 117.6% during the fourth 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 last quarter. Fairway Wealth LLC purchased a new position in TE Connectivity during the 4th quarter worth $43,000. Golden State Wealth Management LLC acquired a new position in TE Connectivity in the 4th quarter valued at about $44,000. Finally, Hilltop National Bank acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,812,497.52. This represents a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Up 1.7 %

Shares of TE Connectivity stock opened at $135.77 on Thursday. The company has a fifty day moving average price of $141.84 and a 200 day moving average price of $146.09. 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 twelve month low of $116.30 and a twelve month high of $159.98. The stock has a market cap of $40.51 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.14. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s dividend payout ratio is 45.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. 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. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Citigroup reduced their target price on TE Connectivity from $165.00 to $142.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. UBS Group decreased their price target on shares of TE Connectivity from $188.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Bank of America lifted their price objective on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Hold” and a consensus price target of $156.90.

About TE Connectivity

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.