Howland Capital Management LLC Sells 2,592 Shares of TE Connectivity Ltd. $TEL

Howland Capital Management LLC decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 168,256 shares of the electronics maker’s stock after selling 2,592 shares during the period. TE Connectivity accounts for 1.3% of Howland Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Howland Capital Management LLC owned about 0.06% of TE Connectivity worth $35,515,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TEL. JNBA Financial Advisors lifted its holdings in shares of TE Connectivity by 67.1% in the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of TE Connectivity by 0.7% in the second quarter. Legacy Wealth Asset Management LLC now owns 7,837 shares of the electronics maker’s stock valued at $1,580,000 after acquiring an additional 52 shares during the period. First Citizens Bank & Trust Co. grew its stake in TE Connectivity by 0.8% during the third quarter. First Citizens Bank & Trust Co. now owns 6,577 shares of the electronics maker’s stock valued at $1,388,000 after acquiring an additional 52 shares in the last quarter. First County Bank CT grew its stake in TE Connectivity by 2.4% during the third quarter. First County Bank CT now owns 2,326 shares of the electronics maker’s stock valued at $491,000 after acquiring an additional 54 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in TE Connectivity by 24.0% during the third quarter. Brown Lisle Cummings Inc. now owns 279 shares of the electronics maker’s stock valued at $59,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 2.7%

NYSE TEL opened at $208.24 on Friday. The stock’s 50-day simple moving average is $210.00 and its two-hundred day simple moving average is $210.48. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $60.29 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.26 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 EPS. Research analysts forecast that TE Connectivity Ltd. will post 11.46 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a $0.78 dividend. The ex-dividend date is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s payout ratio is presently 30.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Sanford C. Bernstein began coverage on shares of TE Connectivity in a research report on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. HSBC dropped their price objective on TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reduced their target price on TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $258.07.

About TE Connectivity

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.