River Road Asset Management LLC cut its position in TE Connectivity Ltd. (NYSE:TEL) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 727,782 shares of the electronics maker’s stock after selling 133,534 shares during the period. River Road Asset Management LLC owned about 0.21% of TE Connectivity worth $57,262,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Geneva Advisors LLC increased its stake in TE Connectivity by 1.5% in the first quarter. Geneva Advisors LLC now owns 3,562 shares of the electronics maker’s stock worth $266,000 after buying an additional 52 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in TE Connectivity by 3.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 57,050 shares of the electronics maker’s stock worth $4,253,000 after buying an additional 2,042 shares in the last quarter. Advisor Partners LLC increased its stake in TE Connectivity by 23.9% in the first quarter. Advisor Partners LLC now owns 6,272 shares of the electronics maker’s stock worth $468,000 after buying an additional 1,209 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in TE Connectivity by 0.3% in the first quarter. Canada Pension Plan Investment Board now owns 47,026 shares of the electronics maker’s stock worth $3,506,000 after buying an additional 119 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in TE Connectivity by 14.8% in the first quarter. Wells Fargo & Company MN now owns 3,643,264 shares of the electronics maker’s stock worth $271,604,000 after buying an additional 469,347 shares in the last quarter. 88.09% of the stock is currently owned by institutional investors.

Shares of TE Connectivity Ltd. (NYSE TEL) opened at 78.20 on Monday. The firm has a market capitalization of $27.63 billion, a price-to-earnings ratio of 16.60 and a beta of 1.06. TE Connectivity Ltd. has a 12 month low of $60.38 and a 12 month high of $85.20. The stock’s 50 day moving average price is $80.21 and its 200-day moving average price is $77.10.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.07. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.28 billion. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, equities research analysts predict that TE Connectivity Ltd. will post $4.75 EPS for the current fiscal year.

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

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A number of analysts have recently commented on the company. BidaskClub downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and issued a $95.00 price objective on shares of TE Connectivity in a research note on Thursday, August 10th. Zacks Investment Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $86.00 price objective on shares of TE Connectivity in a research note on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. TE Connectivity has a consensus rating of “Hold” and a consensus target price of $83.43.

In other TE Connectivity news, COO Joseph B. Donahue sold 52,575 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $80.03, for a total transaction of $4,207,577.25. Following the sale, the chief operating officer now owns 93,484 shares of the company’s stock, valued at $7,481,524.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joseph B. Donahue sold 6,300 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.70, for a total transaction of $508,410.00. Following the sale, the chief operating officer now directly owns 34,609 shares in the company, valued at approximately $2,792,946.30. The disclosure for this sale can be found here. Insiders have sold 726,407 shares of company stock worth $57,751,239 in the last ninety days. Insiders own 1.49% of the company’s stock.

About TE Connectivity

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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