Blair William & Co. IL increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 3.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 52,368 shares of the electronics maker’s stock after purchasing an additional 1,928 shares during the period. Blair William & Co. IL’s holdings in TE Connectivity were worth $8,833,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TEL. Vanguard Group Inc. increased its position in shares of TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock valued at $5,353,401,000 after purchasing an additional 5,502,415 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of TE Connectivity by 39,846.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock valued at $299,490,000 after buying an additional 1,771,153 shares during the last quarter. Nuveen LLC acquired a new stake in TE Connectivity during the 1st quarter worth $174,700,000. Wellington Management Group LLP boosted its stake in TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after purchasing an additional 1,097,035 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after purchasing an additional 960,276 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Trading Down 3.6%
NYSE TEL opened at $214.55 on Friday. The company’s fifty day simple moving average is $210.41 and its 200-day simple moving average is $177.26. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $226.40. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The stock has a market cap of $63.40 billion, a P/E ratio of 44.42, a PEG ratio of 2.32 and a beta of 1.26.
TE Connectivity Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s payout ratio is 58.80%.
Analyst Ratings Changes
Several analysts have recently commented on TEL shares. Wells Fargo & Company raised their target price on shares of TE Connectivity from $198.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday. Barclays initiated coverage on shares of TE Connectivity in a report on Tuesday. They set an “overweight” rating and a $249.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $219.92.
Get Our Latest Stock Report on TEL
Insider Activity at TE Connectivity
In related news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Malavika Sagar sold 1,945 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company’s stock, valued at approximately $977,155.20. The trade was a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,545 shares of company stock worth $25,040,158 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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