Robeco Institutional Asset Management B.V. boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,178,934 shares of the electronics maker’s stock after buying an additional 38,877 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.33% of TE Connectivity worth $92,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of TE Connectivity by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock worth $102,000 after buying an additional 9 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of TE Connectivity by 17.8% in the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after buying an additional 200 shares during the period. First Command Bank increased its stake in shares of TE Connectivity by 19.6% in the second quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock worth $106,000 after buying an additional 221 shares during the period. Webster Bank N. A. increased its stake in shares of TE Connectivity by 675.0% in the first quarter. Webster Bank N. A. now owns 1,550 shares of the electronics maker’s stock worth $116,000 after buying an additional 1,350 shares during the period. Finally, Orrstown Financial Services Inc. increased its stake in shares of TE Connectivity by 7.9% in the second quarter. Orrstown Financial Services Inc. now owns 1,835 shares of the electronics maker’s stock worth $144,000 after buying an additional 135 shares during the period. 90.37% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Ltd. (TEL) traded up 0.33% during trading on Friday, reaching $78.49. 941,510 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $80.21 and its 200-day moving average price is $77.10. TE Connectivity Ltd. has a one year low of $60.38 and a one year high of $85.20. The stock has a market cap of $27.74 billion, a P/E ratio of 16.66 and a beta of 1.06.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. TE Connectivity’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. On average, equities analysts anticipate that TE Connectivity Ltd. will post $4.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, August 23rd. TE Connectivity’s payout ratio is currently 33.97%.

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A number of brokerages recently issued reports on TEL. BidaskClub downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Monday, May 29th. Cowen and Company reissued a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a report on Thursday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $86.00 price target (up from $82.00) on shares of TE Connectivity in a report on Saturday, April 29th. Finally, Deutsche Bank AG increased their price target on shares of TE Connectivity from $75.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $83.43.

In related news, COO Joseph B. Donahue sold 6,300 shares of TE Connectivity stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.70, for a total transaction of $508,410.00. Following the transaction, the chief operating officer now directly owns 34,609 shares of the company’s stock, valued at $2,792,946.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Joseph B. Donahue sold 52,575 shares of TE Connectivity stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $80.03, for a total value of $4,207,577.25. Following the transaction, the chief operating officer now directly owns 93,484 shares in the company, valued at $7,481,524.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 726,407 shares of company stock worth $57,751,239. 1.30% of the stock is owned by corporate insiders.

TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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