Vontobel Holding Ltd. Has $10.79 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Vontobel Holding Ltd. grew its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,781 shares of the electronics maker’s stock after buying an additional 1,577 shares during the period. Vontobel Holding Ltd.’s holdings in TE Connectivity were worth $10,788,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TEL. Norges Bank acquired a new stake in TE Connectivity during the fourth quarter worth approximately $584,131,000. Moneta Group Investment Advisors LLC grew its stake in TE Connectivity by 119,784.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,247,666 shares of the electronics maker’s stock worth $372,832,000 after purchasing an additional 3,244,957 shares during the period. State Street Corp grew its stake in TE Connectivity by 19.5% during the first quarter. State Street Corp now owns 14,149,636 shares of the electronics maker’s stock worth $1,851,648,000 after purchasing an additional 2,309,835 shares during the period. Qube Research & Technologies Ltd acquired a new stake in TE Connectivity during the third quarter worth approximately $165,640,000. Finally, Morgan Stanley grew its stake in TE Connectivity by 56.5% during the fourth quarter. Morgan Stanley now owns 3,569,840 shares of the electronics maker’s stock worth $409,818,000 after purchasing an additional 1,289,023 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity

In other news, insider Steven T. Merkt sold 99,777 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 30,459 shares in the company, valued at $4,386,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

TE Connectivity Stock Up 0.5 %

TEL stock opened at $142.79 on Wednesday. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $147.98. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $142.78 and its 200-day moving average is $135.32. The firm has a market capitalization of $44.38 billion, a PE ratio of 13.55, a P/E/G ratio of 2.02 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.13. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the company earned $1.53 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Sell-side analysts expect that TE Connectivity Ltd. will post 7.57 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.82%. TE Connectivity’s dividend payout ratio is presently 22.39%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group assumed coverage on TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. StockNews.com initiated coverage on TE Connectivity in a research note on Sunday. They set a “buy” rating for the company. Stifel Nicolaus raised their price objective on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Citigroup initiated coverage on TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $153.30.

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.