Proficio Capital Partners LLC Invests $5.17 Million in TE Connectivity Ltd. (NYSE:TEL)

Proficio Capital Partners LLC purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,171 shares of the electronics maker’s stock, valued at approximately $5,171,000.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. raised its position in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 107 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $44,000. Hilltop National Bank acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $55,000. Finally, Deseret Mutual Benefit Administrators acquired a new position in TE Connectivity in the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on TEL shares. Robert W. Baird boosted their price target on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. StockNews.com lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Citigroup increased their target price on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price on the stock in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $167.00.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

TE Connectivity Trading Up 3.5 %

NYSE TEL opened at $146.22 on Monday. TE Connectivity Ltd. has a twelve month low of $137.61 and a twelve month high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The stock has a market cap of $43.63 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.11 and a beta of 1.32. The firm’s 50 day moving average price is $148.53 and its two-hundred day moving average price is $148.48.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company posted $1.84 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.94%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s payout ratio is presently 41.53%.

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.