Aberdeen Group plc increased its position in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 285,053 shares of the electronics maker’s stock after buying an additional 6,284 shares during the period. Aberdeen Group plc owned about 0.10% of TE Connectivity worth $62,076,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its stake in shares of TE Connectivity by 11.8% during the third quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 43 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in shares of TE Connectivity by 3.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock valued at $320,000 after acquiring an additional 48 shares during the last quarter. Dakota Community Bank & Trust NA raised its position in shares of TE Connectivity by 5.4% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock worth $209,000 after acquiring an additional 49 shares in the last quarter. Csenge Advisory Group lifted its stake in TE Connectivity by 3.2% during the third quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after purchasing an additional 50 shares during the last quarter. Finally, Security National Bank of SO Dak increased its stake in TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.
TE Connectivity Stock Performance
Shares of TEL opened at $235.99 on Monday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock has a market capitalization of $69.25 billion, a P/E ratio of 34.05, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The company’s fifty day moving average is $230.09 and its two-hundred day moving average is $223.54.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 40.98%.
Insider Buying and Selling at TE Connectivity
In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president directly owned 21,810 shares in the company, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
TEL has been the topic of several research analyst reports. Citigroup lifted their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Evercore raised their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $306.00 price objective on TE Connectivity in a report on Wednesday, January 21st. UBS Group raised their target price on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company upped their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $251.93.
Check Out Our Latest Stock Report on TE Connectivity
TE Connectivity Company Profile
TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.
The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.
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