Los Angeles Capital Management LLC Acquires New Holdings in TE Connectivity Ltd. (NYSE:TEL)

Los Angeles Capital Management LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 38,260 shares of the electronics maker’s stock, valued at approximately $5,376,000.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised 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. Bruce G. Allen Investments LLC purchased a new stake in shares of TE Connectivity during the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of TE Connectivity in the 4th quarter worth $45,000. Exchange Traded Concepts LLC increased its position in TE Connectivity by 176.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 329 shares of the electronics maker’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in TE Connectivity in the fourth quarter valued at about $48,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Up 1.4 %

Shares of TEL opened at $142.00 on Monday. The stock’s 50-day moving average price is $142.46 and its 200-day moving average price is $136.96. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $43.48 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 2.09 and a beta of 1.36. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $147.98.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the company earned $1.65 EPS. The business’s revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts predict that TE Connectivity Ltd. will post 7.51 EPS for the current year.

TE Connectivity Dividend Announcement

The company 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. This represents a $2.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s payout ratio is currently 21.59%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TEL. Jefferies Financial Group began coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective on the stock. Robert W. Baird decreased their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. StockNews.com initiated coverage on shares of TE Connectivity in a research note on Tuesday, April 30th. They set a “buy” rating for the company. JPMorgan Chase & Co. cut their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.89.

Insider Activity

In related news, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

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.