Banque Cantonale Vaudoise Invests $521,000 in TE Connectivity Ltd. (NYSE:TEL)

Banque Cantonale Vaudoise acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,681 shares of the electronics maker’s stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEL. Millstone Evans Group LLC purchased a new stake in shares of TE Connectivity during the first quarter worth about $32,000. North Capital Inc. acquired a new stake in TE Connectivity during the first quarter worth approximately $46,000. Global X Japan Co. Ltd. acquired a new position in TE Connectivity in the 1st quarter valued at $47,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of TE Connectivity by 650.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 423 shares during the period. Finally, Ancora Advisors LLC boosted its holdings in shares of TE Connectivity by 150.0% during the fourth quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TEL shares. Vertical Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Friday, April 25th. Bank of America increased their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Robert W. Baird increased their price target on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Hsbc Global Res upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.80.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $500,000.00. Following the transaction, the senior vice president owned 5,927 shares in the company, valued at $948,320. This trade represents a 34.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 258,470 shares of company stock valued at $45,313,205 in the last three months. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $201.65 on Friday. The company has a market cap of $59.58 billion, a P/E ratio of 41.75, a PEG ratio of 2.46 and a beta of 1.23. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The business’s 50-day simple moving average is $174.32 and its 200 day simple moving average is $155.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 earnings per share. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio is currently 58.80%.

TE Connectivity 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.