Paradigm Asset Management Co. LLC Sells 200 Shares of TE Connectivity Ltd. (NYSE:TEL)

Paradigm Asset Management Co. LLC lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the electronics maker’s stock after selling 200 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in TE Connectivity were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC increased its holdings in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after buying an additional 91 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in TE Connectivity in the fourth quarter valued at approximately $30,000. Crewe Advisors LLC acquired a new stake in TE Connectivity in the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp raised its holdings in shares of TE Connectivity by 358.5% in the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after buying an additional 190 shares during the last quarter. Finally, Sachetta LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. 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 report on Thursday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. StockNews.com initiated coverage on shares of TE Connectivity in a research note on Friday. They set a “buy” rating for the company. Finally, Jefferies Financial Group assumed coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.89.

Get Our Latest Research Report on TE Connectivity

TE Connectivity Stock Performance

TEL stock traded up $0.87 during midday trading on Monday, hitting $150.87. The stock had a trading volume of 1,180,000 shares, compared to its average volume of 2,056,671. The firm has a market capitalization of $46.20 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 2.23 and a beta of 1.36. The stock has a 50-day simple moving average of $144.53 and a 200 day simple moving average of $139.96. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $152.79. 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 (NYSE:TELGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $1.65 earnings per share. The company’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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s payout ratio is presently 23.79%.

Insider Buying and Selling at TE Connectivity

In other news, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction on Monday, April 29th. The stock was 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 in the company, valued at approximately $837,196.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

About TE Connectivity

(Free Report)

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.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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