Moors & Cabot Inc. Acquires 95 Shares of TE Connectivity Ltd. (NYSE:TEL)

Moors & Cabot Inc. boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,680 shares of the electronics maker’s stock after purchasing an additional 95 shares during the period. Moors & Cabot Inc.’s holdings in TE Connectivity were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEL. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its holdings in TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 107 shares during the last quarter. Fairway Wealth LLC acquired a new position in TE Connectivity during the fourth quarter valued at approximately $43,000. Golden State Wealth Management LLC acquired a new position in TE Connectivity during the fourth quarter valued at approximately $44,000. Finally, Hilltop National Bank acquired a new position in TE Connectivity during the fourth quarter valued at approximately $55,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 3.5 %

Shares of NYSE TEL opened at $146.22 on Monday. The stock has a market cap of $43.63 billion, a PE ratio of 23.36, a PEG ratio of 2.11 and a beta of 1.32. The business has a fifty day moving average of $148.53 and a two-hundred day moving average of $148.48. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $1.84 earnings per share. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. TE Connectivity’s payout ratio is currently 41.53%.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction dated 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 completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TEL. Bank of America increased their price target on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Citigroup raised their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird raised their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.00.

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.