Aberdeen Asset Management PLC UK boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 81.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,716 shares of the electronics maker’s stock after purchasing an additional 72,360 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in TE Connectivity were worth $12,645,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Guardian Life Insurance Co. of America lifted its position in TE Connectivity by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock valued at $102,000 after purchasing an additional 9 shares during the last quarter. Lee Danner & Bass Inc. lifted its position in TE Connectivity by 0.3% in the 1st quarter. Lee Danner & Bass Inc. now owns 3,899 shares of the electronics maker’s stock valued at $291,000 after purchasing an additional 11 shares during the last quarter. Pictet North America Advisors SA lifted its position in TE Connectivity by 0.6% in the 2nd quarter. Pictet North America Advisors SA now owns 3,725 shares of the electronics maker’s stock valued at $293,000 after purchasing an additional 24 shares during the last quarter. Eqis Capital Management Inc. lifted its position in TE Connectivity by 0.9% in the 1st quarter. Eqis Capital Management Inc. now owns 3,270 shares of the electronics maker’s stock valued at $244,000 after purchasing an additional 29 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in TE Connectivity by 0.5% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 6,636 shares of the electronics maker’s stock valued at $495,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

In related news, insider Thomas J. Lynch sold 186,034 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $78.65, for a total transaction of $14,631,574.10. Following the transaction, the insider now owns 504,885 shares in the company, valued at approximately $39,709,205.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas J. Lynch sold 186,033 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $79.75, for a total transaction of $14,836,131.75. Following the transaction, the insider now owns 504,884 shares in the company, valued at approximately $40,264,499. The disclosure for this sale can be found here. In the last quarter, insiders have sold 749,165 shares of company stock worth $59,522,187. 1.49% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on TEL. BidaskClub downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and issued a $95.00 price objective on shares of TE Connectivity in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $86.00 price target on shares of TE Connectivity in a research report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $83.43.

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Shares of TE Connectivity Ltd. (NYSE TEL) opened at 81.44 on Wednesday. The company has a market capitalization of $28.78 billion, a P/E ratio of 17.29 and a beta of 1.05. TE Connectivity Ltd. has a 52-week low of $60.59 and a 52-week high of $85.20. The firm’s 50 day moving average is $79.61 and its 200-day moving average is $77.41.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.60 annualized dividend and a yield of 1.96%. TE Connectivity’s dividend payout ratio (DPR) is 33.97%.

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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