5,300 Shares in TE Connectivity Ltd. (NYSE:TEL) Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,300 shares of the electronics maker’s stock, valued at approximately $758,000.

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

TE Connectivity Trading Up 1.1 %

Shares of NYSE TEL opened at $150.56 on Wednesday. The stock has a market capitalization of $44.92 billion, a P/E ratio of 24.05, a PEG ratio of 2.11 and a beta of 1.32. The stock’s 50 day moving average price is $149.22 and its two-hundred day moving average price is $148.40. 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 $137.61 and a 52-week high of $159.98.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the business posted $1.84 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share 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. Investors of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 annualized dividend and a yield of 1.89%. TE Connectivity’s dividend payout ratio is 45.37%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TEL shares. StockNews.com cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company upped their price target on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective on the stock in a research note on Thursday, January 23rd. Robert W. Baird upped their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Seven investment 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 company currently has an average rating of “Hold” and a consensus price target of $167.00.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’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 value of $3,669,250.00. Following the sale, 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 document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently 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.