Valeo Financial Advisors LLC Has $628,000 Holdings in TE Connectivity Ltd. (NYSE:TEL)

Valeo Financial Advisors LLC lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 19.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,445 shares of the electronics maker’s stock after purchasing an additional 717 shares during the quarter. Valeo Financial Advisors LLC’s holdings in TE Connectivity were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Crossmark Global Holdings Inc. boosted its stake in TE Connectivity by 0.3% in the 1st quarter. Crossmark Global Holdings Inc. now owns 81,161 shares of the electronics maker’s stock valued at $11,470,000 after buying an additional 234 shares in the last quarter. Security National Bank of SO Dak boosted its stake in TE Connectivity by 1.0% in the 1st quarter. Security National Bank of SO Dak now owns 10,815 shares of the electronics maker’s stock valued at $1,528,000 after buying an additional 103 shares in the last quarter. Financial Counselors Inc. raised its position in TE Connectivity by 4.3% in the 1st quarter. Financial Counselors Inc. now owns 165,572 shares of the electronics maker’s stock valued at $23,399,000 after purchasing an additional 6,780 shares during the last quarter. Callan Capital LLC raised its position in TE Connectivity by 5.3% in the 1st quarter. Callan Capital LLC now owns 2,180 shares of the electronics maker’s stock valued at $308,000 after purchasing an additional 109 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in TE Connectivity by 6.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,303,733 shares of the electronics maker’s stock valued at $184,244,000 after purchasing an additional 80,195 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on TEL shares. UBS Group lifted their price objective on TE Connectivity from $163.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Citigroup dropped their price objective on TE Connectivity from $165.00 to $142.00 and set a “neutral” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. boosted their target price on TE Connectivity from $146.00 to $148.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Hsbc Global Res raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 24th. Finally, HSBC raised TE Connectivity from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.90.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $172.63 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The stock has a 50 day moving average price of $162.72 and a 200 day moving average price of $150.40. The stock has a market capitalization of $51.19 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $175.03.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 earnings per share. Analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, August 22nd. TE Connectivity’s payout ratio is presently 62.42%.

Insider Transactions at TE Connectivity

In other news, insider Aaron Kyle Stucki sold 13,100 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,227,000.00. Following the completion of the sale, the insider owned 23,657 shares in the company, valued at $4,021,690. The trade was a 35.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $4,130,963.28. The trade was a 49.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,775 shares of company stock worth $29,596,059. Corporate insiders own 0.90% of the company’s stock.

About TE Connectivity

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.