3,125 TE Connectivity Ltd. $TEL Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,305 shares of the electronics maker’s stock after selling 3,125 shares during the quarter. Robeco Schweiz AG’s holdings in TE Connectivity were worth $17,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TEL. JNBA Financial Advisors boosted its stake in shares of TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 51 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $34,000. Fortitude Family Office LLC grew its holdings in shares of TE Connectivity by 43.5% in the 3rd quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 64 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $48,000. Finally, Brown Lisle Cummings Inc. increased its stake in TE Connectivity by 24.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 279 shares of the electronics maker’s stock valued at $59,000 after purchasing an additional 54 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Truist Financial decreased their target price on TE Connectivity from $240.00 to $215.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. UBS Group upped their target price on TE Connectivity from $241.00 to $253.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, October 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $258.07.

TE Connectivity Stock Down 0.3%

TEL stock opened at $207.84 on Friday. The company’s 50 day simple moving average is $209.83 and its 200-day simple moving average is $210.46. The firm has a market capitalization of $60.17 billion, a PE ratio of 20.38, a P/E/G ratio of 1.22 and a beta of 1.14. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period last year, the company posted $2.27 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Equities analysts expect that TE Connectivity Ltd. will post 11.46 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be given 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 (DPR) is presently 30.59%.

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.