636,268 TE Connectivity Ltd. $TEL Shares Purchased by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 2,545,072.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 636,293 shares of the electronics maker’s stock after buying an additional 636,268 shares during the period. Beutel Goodman & Co Ltd.’s holdings in TE Connectivity were worth $134,308,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TEL. Wellington Management Group LLP raised its position in TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock worth $1,554,259,000 after buying an additional 2,507,569 shares during the last quarter. Hsbc Holdings PLC lifted its stake in TE Connectivity by 385.0% during the 1st quarter. Hsbc Holdings PLC now owns 1,115,692 shares of the electronics maker’s stock valued at $232,677,000 after acquiring an additional 885,658 shares during the period. State Street Corp boosted its holdings in shares of TE Connectivity by 5.7% during the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock valued at $2,750,079,000 after acquiring an additional 730,084 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of TE Connectivity by 415.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 849,218 shares of the electronics maker’s stock valued at $171,211,000 after acquiring an additional 684,463 shares during the last quarter. Finally, Amundi boosted its holdings in shares of TE Connectivity by 37.2% during the 1st quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock valued at $471,733,000 after acquiring an additional 612,180 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TEL. HSBC reduced their price target on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research report on Friday, September 11th. Barclays raised their target price on shares of TE Connectivity from $300.00 to $304.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Fox Advisors downgraded shares of TE Connectivity from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 2nd. Finally, Wall Street Zen downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Saturday. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $255.50.

TE Connectivity Stock Up 5.7%

TEL stock opened at $218.85 on Tuesday. The company has a market cap of $63.36 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.73. The business’s 50-day moving average is $212.49 and its two-hundred day moving average is $212.48. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.07. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the company posted $2.44 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that TE Connectivity Ltd. will post 13.43 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is presently 28.18%.

TE Connectivity Profile

TE Connectivity (NYSE: TEL) designs and manufactures connectivity and sensor solutions used to transmit data, power and signals. Its products include connectors, terminals, relays, antennas and sensors, as well as related components and systems.

The company serves customers in industries including automotive, industrial equipment, communications, aerospace and defense, medical technology, and energy. Its products are used in applications ranging from vehicles and factory automation to telecommunications infrastructure and aircraft.

TE Connectivity operates internationally and traces its history to Tyco Electronics, which became an independent company following its separation from Tyco International in 2007.