Lee Danner & Bass Inc. Buys 74 Shares of TE Connectivity Ltd. (NYSE:TEL)

Lee Danner & Bass Inc. lifted its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,085 shares of the electronics maker’s stock after acquiring an additional 74 shares during the quarter. Lee Danner & Bass Inc.’s holdings in TE Connectivity were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TEL. Vista Investment Management boosted its holdings in shares of TE Connectivity by 0.7% during the 3rd quarter. Vista Investment Management now owns 11,970 shares of the electronics maker’s stock valued at $1,479,000 after purchasing an additional 84 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of TE Connectivity by 1.4% during the 3rd quarter. Bison Wealth LLC now owns 6,576 shares of the electronics maker’s stock valued at $812,000 after purchasing an additional 88 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of TE Connectivity by 1.6% during the 4th quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock valued at $784,000 after purchasing an additional 88 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of TE Connectivity by 14.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 756 shares of the electronics maker’s stock valued at $92,000 after purchasing an additional 94 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of TE Connectivity by 4.1% during the 3rd quarter. Ballentine Partners LLC now owns 2,536 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 99 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Price Performance

Shares of TEL stock opened at $143.77 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16. The company has a market capitalization of $44.68 billion, a P/E ratio of 13.64, a P/E/G ratio of 2.00 and a beta of 1.39. The company’s 50-day simple moving average is $142.66 and its two-hundred day simple moving average is $135.86. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $147.98.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 7.59 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.81%. TE Connectivity’s dividend payout ratio is presently 22.39%.

Insider Activity

In other news, insider Steven T. Merkt sold 99,777 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the transaction, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TEL. Jefferies Financial Group began coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Robert W. Baird upped their target price on shares of TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Citigroup began coverage on shares of TE Connectivity in a research report on Friday, January 5th. They set a “neutral” rating and a $146.00 target price on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $153.30.

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.