Schroder Investment Management Group Has $269,000 Holdings in TE Connectivity Ltd. (TEL)

Schroder Investment Management Group raised its position in TE Connectivity Ltd. (NYSE:TEL) by 23.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,259 shares of the electronics maker’s stock after acquiring an additional 626 shares during the quarter. Schroder Investment Management Group’s holdings in TE Connectivity were worth $269,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of TE Connectivity by 2.3% in the second quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock valued at $1,834,196,000 after acquiring an additional 521,884 shares during the period. Boston Partners increased its position in shares of TE Connectivity by 8.1% during the third quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock valued at $1,032,298,000 after buying an additional 934,796 shares during the period. FMR LLC increased its position in shares of TE Connectivity by 9.7% during the second quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s stock valued at $420,131,000 after buying an additional 472,037 shares during the period. EdgePoint Investment Group Inc. increased its position in shares of TE Connectivity by 9.4% during the second quarter. EdgePoint Investment Group Inc. now owns 4,015,693 shares of the electronics maker’s stock valued at $315,955,000 after buying an additional 346,093 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of TE Connectivity by 7.1% during the second quarter. Wells Fargo & Company MN now owns 3,903,233 shares of the electronics maker’s stock valued at $307,105,000 after buying an additional 259,969 shares during the period. Hedge funds and other institutional investors own 90.22% of the company’s stock.

TEL has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price target on shares of TE Connectivity in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Monday, September 18th. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of TE Connectivity in a research report on Monday, October 30th. Citigroup boosted their price target on shares of TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Cross Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $151.93.

In related news, insider Thomas J. Lynch sold 130,616 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the sale, the insider now owns 429,499 shares of the company’s stock, valued at $35,807,331.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas J. Lynch sold 130,617 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $91.29, for a total transaction of $11,924,025.93. Following the completion of the transaction, the insider now owns 429,500 shares in the company, valued at approximately $39,209,055. The disclosure for this sale can be found here. Insiders have sold 759,805 shares of company stock worth $69,542,539 in the last three months. 1.30% of the stock is currently owned by insiders.

Shares of TE Connectivity Ltd. (NYSE TEL) opened at $95.99 on Tuesday. TE Connectivity Ltd. has a 52 week low of $66.20 and a 52 week high of $97.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.54. The company has a market cap of $33,750.00, a PE ratio of 19.92, a P/E/G ratio of 1.67 and a beta of 1.08.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. TE Connectivity’s quarterly revenue was up 3.7% on a year-over-year basis. analysts expect that TE Connectivity Ltd. will post 5.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.67%. The ex-dividend date was Wednesday, November 22nd. TE Connectivity’s payout ratio is currently 34.19%.

TE Connectivity declared that its Board of Directors has initiated a stock repurchase program on Friday, December 8th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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About TE Connectivity

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.

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

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