Girard Partners LTD. bought a new stake in TE Connectivity Ltd (NYSE:TEL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,358 shares of the electronics maker’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Daiwa Securities Group Inc. grew its position in shares of TE Connectivity by 153.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 176,149 shares of the electronics maker’s stock valued at $16,741,000 after buying an additional 106,532 shares during the last quarter. California Public Employees Retirement System grew its position in shares of TE Connectivity by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 981,123 shares of the electronics maker’s stock valued at $93,246,000 after buying an additional 21,639 shares during the last quarter. M&T Bank Corp grew its position in shares of TE Connectivity by 19.1% in the 4th quarter. M&T Bank Corp now owns 62,543 shares of the electronics maker’s stock valued at $5,943,000 after buying an additional 10,050 shares during the last quarter. Shelton Capital Management grew its position in shares of TE Connectivity by 19.3% in the 4th quarter. Shelton Capital Management now owns 47,636 shares of the electronics maker’s stock valued at $4,527,000 after buying an additional 7,700 shares during the last quarter. Finally, Boston Family Office LLC grew its position in shares of TE Connectivity by 32.2% in the 4th quarter. Boston Family Office LLC now owns 84,379 shares of the electronics maker’s stock valued at $8,019,000 after buying an additional 20,540 shares during the last quarter. 89.58% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Ltd (NYSE TEL) opened at $98.70 on Tuesday. TE Connectivity Ltd has a 52-week low of $71.93 and a 52-week high of $108.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.58. The stock has a market cap of $34,530.00, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. TE Connectivity had a net margin of 9.12% and a return on equity of 19.49%. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm posted $1.15 EPS. TE Connectivity’s revenue for the quarter was up 13.6% on a year-over-year basis. equities analysts anticipate that TE Connectivity Ltd will post 5.48 earnings per share for the current fiscal year.

TE Connectivity announced that its Board of Directors has approved a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the electronics maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, February 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 46.51%.

In related news, EVP John S. Jenkins sold 36,550 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $103.35, for a total value of $3,777,442.50. Following the completion of the sale, the executive vice president now owns 53,287 shares in the company, valued at $5,507,211.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph B. Donahue sold 1,238 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $93.23, for a total transaction of $115,418.74. Following the completion of the sale, the chief operating officer now owns 52,134 shares of the company’s stock, valued at approximately $4,860,452.82. The disclosure for this sale can be found here. Insiders sold a total of 659,434 shares of company stock valued at $64,534,223 in the last 90 days. Company insiders own 0.70% of the company’s stock.

A number of research analysts recently commented on the stock. ValuEngine raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $102.00 target price on shares of TE Connectivity in a research report on Thursday, January 25th. Morgan Stanley increased their target price on shares of TE Connectivity from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Wells Fargo & Co increased their target price on shares of TE Connectivity from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Citigroup increased their target price on shares of TE Connectivity from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $137.09.

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TE Connectivity Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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