Aperio Group LLC lifted its position in TE Connectivity Ltd. (NYSE:TEL) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,620 shares of the electronics maker’s stock after purchasing an additional 1,626 shares during the quarter. Aperio Group LLC owned about 0.06% of TE Connectivity worth $18,436,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of TEL. Morgan Stanley increased its holdings in shares of TE Connectivity by 35.6% in the first quarter. Morgan Stanley now owns 1,360,988 shares of the electronics maker’s stock worth $85,716,000 after purchasing an additional 357,374 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in shares of TE Connectivity by 229.4% in the second quarter. Vident Investment Advisory LLC now owns 29,239 shares of the electronics maker’s stock worth $2,384,000 after purchasing an additional 20,362 shares during the last quarter. GW Henssler & Associates Ltd. bought a new stake in shares of TE Connectivity in the second quarter worth about $445,000. Oregon Public Employees Retirement Fund grew its position in TE Connectivity by 8.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 85,036 shares of the electronics maker’s stock worth $6,935,000 after acquiring an additional 6,900 shares in the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in TE Connectivity in the second quarter worth about $245,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Terrence R. Curtin sold 90,350 shares of the business’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $108.64, for a total transaction of $9,815,624.00. Also, SVP Mario Calastri sold 10,757 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $94.60, for a total value of $1,017,612.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,720 shares of company stock worth $14,405,632. Insiders own 0.80% of the company’s stock.
Several research analysts recently commented on the company. Oppenheimer lifted their price target on TE Connectivity from $98.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Citigroup lifted their price target on TE Connectivity from $75.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Royal Bank of Canada lifted their price target on TE Connectivity from $89.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Robert W. Baird reiterated an “outperform” rating and issued a $118.00 price target on shares of TE Connectivity in a research report on Monday, October 19th. Finally, Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Friday, October 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. TE Connectivity currently has an average rating of “Buy” and an average target price of $104.86.
TE Connectivity stock opened at $109.54 on Monday. The company has a 50 day moving average price of $102.69 and a 200-day moving average price of $90.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 1.43. TE Connectivity Ltd. has a fifty-two week low of $48.62 and a fifty-two week high of $114.42. The company has a market capitalization of $36.23 billion, a PE ratio of -353.35, a P/E/G ratio of 2.07 and a beta of 1.36.
TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.30. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.90 billion. TE Connectivity had a negative net margin of 0.81% and a positive return on equity of 15.06%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. On average, analysts forecast that TE Connectivity Ltd. will post 3.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, November 19th. TE Connectivity’s dividend payout ratio (DPR) is 34.59%.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the AsiaÂ-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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