Rhumbline Advisers raised its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 306,195 shares of the electronics maker’s stock after acquiring an additional 1,246 shares during the period. Rhumbline Advisers owned approximately 0.09% of TE Connectivity worth $25,433,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Duncker Streett & Co. Inc. boosted its holdings in shares of TE Connectivity by 17.8% during the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 200 shares during the period. AllSquare Wealth Management LLC bought a new stake in shares of TE Connectivity during the third quarter worth approximately $113,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TE Connectivity by 38.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock worth $109,000 after acquiring an additional 384 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of TE Connectivity in the second quarter valued at approximately $126,000. Finally, Harfst & Associates Inc. boosted its stake in shares of TE Connectivity by 46.2% in the second quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock valued at $135,000 after buying an additional 544 shares during the period. Institutional investors own 90.07% of the company’s stock.
Shares of TE Connectivity Ltd. (NYSE TEL) opened at $95.04 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.54. TE Connectivity Ltd. has a 12 month low of $66.14 and a 12 month high of $95.37. The firm has a market capitalization of $33,419.58, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06.
TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. equities analysts anticipate that TE Connectivity Ltd. will post 5.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, November 22nd. TE Connectivity’s payout ratio is presently 33.97%.
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In other TE Connectivity news, Chairman Thomas J. Lynch sold 60,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $93.05, for a total transaction of $5,583,000.00. Following the completion of the sale, the chairman now directly owns 167,336 shares in the company, valued at $15,570,614.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 10,736 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $93.14, for a total transaction of $999,951.04. The disclosure for this sale can be found here. Insiders have sold 679,009 shares of company stock valued at $59,194,715 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Several equities research analysts recently issued reports on TEL shares. Cowen and Company reiterated a “buy” rating and issued a $95.00 price target on shares of TE Connectivity in a research note on Thursday, August 10th. BidaskClub cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Monday, September 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price target on shares of TE Connectivity in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price target (up from $90.00) on shares of TE Connectivity in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. TE Connectivity has an average rating of “Buy” and an average target price of $150.00.
TE Connectivity Company 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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