5,934 TE Connectivity Ltd. $TEL Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,511 shares of the electronics maker’s stock after purchasing an additional 5,934 shares during the quarter. ProShare Advisors LLC’s holdings in TE Connectivity were worth $20,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. State Street Corp boosted its position in TE Connectivity by 5.7% during the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after acquiring an additional 730,084 shares during the last quarter. Wellington Management Group LLP grew its stake in TE Connectivity by 48.2% during 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 in the last quarter. Baird Financial Group Inc. grew its position in shares of TE Connectivity by 3.5% in the second quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after purchasing an additional 109,020 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TE Connectivity by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock valued at $618,121,000 after purchasing an additional 118,284 shares during the last quarter. Finally, Amundi increased its holdings in shares of TE Connectivity by 37.2% in the first quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock valued at $471,733,000 after purchasing an additional 612,180 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their target price on TE Connectivity from $300.00 to $304.00 and gave the company an “overweight” rating in a report on Monday. Citigroup lifted their target price on shares of TE Connectivity from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Thursday, October 22nd. Jefferies Financial Group dropped their price target on shares of TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Fox Advisors downgraded shares of TE Connectivity from an “overweight” rating to an “equal weight” rating in a report on Monday. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.50.

TE Connectivity Price Performance

TEL stock opened at $217.37 on Tuesday. The business’s fifty day moving average price is $211.32 and its 200 day moving average price is $213.03. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The company has a current ratio of 1.73, a quick ratio of 1.23 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $62.93 billion, a PE ratio of 19.19, a P/E/G ratio of 1.29 and a beta of 1.14.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 28th. The electronics maker reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.07. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.29 billion. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. TE Connectivity’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business posted $2.44 EPS. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 13.32 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders 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 dividend yield of 1.4%. TE Connectivity’s dividend payout ratio is currently 28.18%.

TE Connectivity 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.