Greenleaf Trust Increases Position in TE Connectivity Ltd. (NYSE:TEL)


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Greenleaf Trust boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,626 shares of the electronics maker’s stock after purchasing an additional 204 shares during the period. Greenleaf Trust’s holdings in TE Connectivity were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rothschild Investment Corp IL lifted its position in TE Connectivity by 0.9% during the fourth quarter. Rothschild Investment Corp IL now owns 10,652 shares of the electronics maker’s stock valued at $1,290,000 after purchasing an additional 100 shares during the period. Resonant Capital Advisors LLC lifted its position in TE Connectivity by 4.4% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,555 shares of the electronics maker’s stock valued at $309,000 after purchasing an additional 107 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of TE Connectivity by 19.1% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 880 shares of the electronics maker’s stock worth $106,000 after acquiring an additional 141 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of TE Connectivity by 9.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,639 shares of the electronics maker’s stock worth $160,000 after acquiring an additional 147 shares during the period. Finally, Huntington National Bank raised its position in shares of TE Connectivity by 8.2% in the fourth quarter. Huntington National Bank now owns 2,176 shares of the electronics maker’s stock worth $263,000 after acquiring an additional 164 shares during the period. Institutional investors own 91.35% of the company’s stock.

A number of research analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of TE Connectivity from $114.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, January 28th. Cowen upped their price target on shares of TE Connectivity from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 2nd. Zacks Investment Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $123.00 price target for the company. in a research report on Tuesday, December 15th. TheStreet upgraded shares of TE Connectivity from a “c” rating to a “b” rating in a research report on Wednesday, October 28th. Finally, UBS Group upped their price target on shares of TE Connectivity from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, January 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $111.79.

In related news, SVP Tim Murphy sold 5,000 shares of the stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $122.19, for a total transaction of $610,950.00. Following the completion of the transaction, the senior vice president now owns 14,741 shares of the company’s stock, valued at approximately $1,801,202.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Terrence R. Curtin sold 70,250 shares of the stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $127.75, for a total transaction of $8,974,437.50. Following the transaction, the director now directly owns 125,219 shares of the company’s stock, valued at approximately $15,996,727.25. The disclosure for this sale can be found here. Insiders have sold a total of 133,901 shares of company stock valued at $17,039,736 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

TE Connectivity stock opened at $129.93 on Tuesday. The firm has a 50 day simple moving average of $127.76 and a 200-day simple moving average of $111.04. TE Connectivity Ltd. has a 1-year low of $48.62 and a 1-year high of $132.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.57 and a quick ratio of 1.04. The stock has a market cap of $42.99 billion, a price-to-earnings ratio of -180.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Tuesday, January 26th. The electronics maker reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.18. TE Connectivity had a negative net margin of 1.98% and a positive return on equity of 14.86%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts expect that TE Connectivity Ltd. will post 5.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 5th. Investors of record on Friday, February 19th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, February 18th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.48%. TE Connectivity’s payout ratio is currently 45.07%.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaƂ-Pacific, 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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