Meeder Advisory Services Inc. Purchases 1,296 Shares of TE Connectivity Ltd. (NYSE:TEL)

Meeder Advisory Services Inc. lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,173 shares of the electronics maker’s stock after acquiring an additional 1,296 shares during the period. Meeder Advisory Services Inc.’s holdings in TE Connectivity were worth $1,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth $820,000. JPMorgan Chase & Co. increased its holdings in TE Connectivity by 23.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,664,096 shares of the electronics maker’s stock worth $237,916,000 after buying an additional 316,849 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in TE Connectivity by 55.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 625,464 shares of the electronics maker’s stock worth $89,423,000 after buying an additional 223,018 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in TE Connectivity during the 4th quarter valued at about $4,926,000. Finally, Wellington Management Group LLP purchased a new stake in shares of TE Connectivity during the 4th quarter valued at about $909,598,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $208.91 on Wednesday. The firm’s 50 day simple moving average is $171.57 and its two-hundred day simple moving average is $154.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The company has a market capitalization of $61.73 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.52 and a beta of 1.23. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $212.76.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. TE Connectivity’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.91 EPS. Research analysts expect that TE Connectivity Ltd. will post 8.05 EPS 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. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.36%. TE Connectivity’s payout ratio is 58.80%.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research note on Friday, July 11th. Bank of America upped their price objective on TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. HSBC raised TE Connectivity from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Thursday, April 24th. Finally, Hsbc Global Res raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $194.80.

Insider Activity

In related news, insider Aaron Kyle Stucki sold 52,900 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s 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 completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $4,130,963.28. The trade was a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,470 shares of company stock valued at $49,794,905 in the last quarter. Company insiders own 0.90% 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.