Stevens Capital Management LP Has $674,000 Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Stevens Capital Management LP boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 37.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,796 shares of the electronics maker’s stock after buying an additional 1,314 shares during the period. Stevens Capital Management LP’s holdings in TE Connectivity were worth $674,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new position in shares of TE Connectivity during the fourth quarter worth about $30,000. Jones Financial Companies Lllp grew its stake in shares of TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 190 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in shares of TE Connectivity in the third quarter valued at approximately $35,000. Wetzel Investment Advisors Inc. bought a new stake in shares of TE Connectivity in the fourth quarter worth $45,000. Finally, Exchange Traded Concepts LLC boosted its holdings in TE Connectivity by 176.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock worth $46,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TEL. Citigroup assumed coverage on shares of TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 price target on the stock. StockNews.com assumed coverage on shares of TE Connectivity in a research report on Monday. They set a “buy” rating on the stock. Stifel Nicolaus boosted their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $153.50.

TE Connectivity Stock Performance

Shares of NYSE TEL traded up $0.44 during midday trading on Thursday, hitting $140.44. 3,219,400 shares of the company’s stock were exchanged, compared to its average volume of 2,214,311. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $147.98. The company’s 50 day moving average price is $142.65 and its 200 day moving average price is $136.02. The firm has a market capitalization of $43.65 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping the consensus estimate of $1.83 by $0.03. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the company posted $1.65 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts predict that TE Connectivity Ltd. will post 7.59 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced 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 is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.85%. TE Connectivity’s dividend payout ratio is currently 22.39%.

Insider Transactions at TE Connectivity

In related news, insider Steven T. Merkt sold 99,777 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the completion of the sale, the insider now directly owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

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.