TE Connectivity Ltd. $TEL Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,017,730 shares of the electronics maker’s stock after selling 218,715 shares during the period. Robeco Institutional Asset Management B.V. owned 0.35% of TE Connectivity worth $214,822,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Diversify Advisory Services LLC increased its stake in shares of TE Connectivity by 6.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,585 shares of the electronics maker’s stock valued at $550,000 after acquiring an additional 164 shares in the last quarter. South Shore Capital Advisors bought a new position in TE Connectivity during the third quarter worth $279,000. Prime Capital Investment Advisors LLC boosted its stake in TE Connectivity by 3.7% during the third quarter. Prime Capital Investment Advisors LLC now owns 3,540 shares of the electronics maker’s stock worth $747,000 after acquiring an additional 127 shares in the last quarter. Net Worth Advisory Group boosted its stake in TE Connectivity by 8.1% during the third quarter. Net Worth Advisory Group now owns 1,480 shares of the electronics maker’s stock worth $322,000 after acquiring an additional 111 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in TE Connectivity by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,039 shares of the electronics maker’s stock worth $9,085,000 after purchasing an additional 568 shares during the period. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Up 0.5%

TE Connectivity stock opened at $213.44 on Wednesday. The firm has a 50 day moving average price of $210.13 and a 200-day moving average price of $210.45. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The company has a market capitalization of $61.79 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.25 and a beta of 1.14.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. TE Connectivity’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts predict that TE Connectivity Ltd. will post 11.46 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s dividend payout ratio is 30.59%.

Analysts Set New Price Targets

TEL has been the subject of a number of research analyst reports. Citigroup decreased their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. cut their price target on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. UBS Group upped their price objective on shares of TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.07.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.