TE Connectivity Ltd. $TEL Holdings Increased by RWC Asset Management LLP

RWC Asset Management LLP increased its position in TE Connectivity Ltd. (NYSE:TEL) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 121,057 shares of the electronics maker’s stock after acquiring an additional 4,581 shares during the quarter. TE Connectivity accounts for 1.0% of RWC Asset Management LLP’s holdings, making the stock its 27th largest position. RWC Asset Management LLP’s holdings in TE Connectivity were worth $25,553,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TEL. State Street Corp boosted its position in TE Connectivity by 5.7% during the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after buying an additional 730,084 shares during the period. Wellington Management Group LLP increased its position in TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after acquiring an additional 2,507,569 shares during the period. Baird Financial Group Inc. increased its position in TE Connectivity by 3.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after acquiring an additional 109,020 shares during the period. Dimensional Fund Advisors LP increased its position in TE Connectivity by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock valued at $618,121,000 after acquiring an additional 118,284 shares during the period. Finally, Amundi raised its stake in shares of TE Connectivity by 37.2% during the first quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock valued at $471,733,000 after acquiring an additional 612,180 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.3%

Shares of NYSE:TEL traded down $0.58 during trading on Friday, reaching $207.84. The stock had a trading volume of 1,611,681 shares, compared to its average volume of 1,797,803. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The firm’s fifty day moving average is $209.83 and its 200 day moving average is $210.46. The stock has a market cap of $60.17 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.23 and a beta of 1.14.

TE Connectivity (NYSE:TEL) last announced its earnings results 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 the consensus estimate of $5.01 billion. During the same quarter last year, the firm earned $2.27 earnings per share. TE Connectivity’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that TE Connectivity Ltd. will post 11.46 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio is 30.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group cut their price target on shares of TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday, September 11th. JPMorgan Chase & Co. decreased their price objective on TE Connectivity from $260.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, July 16th. Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, October 18th. Finally, Robert W. Baird lifted their target price on TE Connectivity from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.