Bahl & Gaynor Inc. Has $452,000 Position in TE Connectivity Ltd. (TEL)
Bahl & Gaynor Inc. increased its stake in TE Connectivity Ltd. (NYSE:TEL) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,517 shares of the electronics maker’s stock after purchasing an additional 120 shares during the quarter. Bahl & Gaynor Inc.’s holdings in TE Connectivity were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of TEL. Guardian Life Insurance Co. of America increased its stake 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 worth $102,000 after purchasing an additional 9 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in TE Connectivity by 17.8% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after purchasing an additional 200 shares in the last quarter. First Command Bank increased its stake in TE Connectivity by 19.6% in the 2nd quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock worth $106,000 after purchasing an additional 221 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in TE Connectivity by 38.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock worth $109,000 after purchasing an additional 384 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in TE Connectivity by 7.9% in the 2nd quarter. Orrstown Financial Services Inc. now owns 1,835 shares of the electronics maker’s stock worth $144,000 after purchasing an additional 135 shares in the last quarter. 90.08% of the stock is currently owned by hedge funds and other institutional investors.
TEL has been the topic of a number of analyst reports. BidaskClub cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Thursday, June 22nd. Finally, Cowen and Company reissued a “buy” rating and issued a $95.00 price target on shares of TE Connectivity in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $83.86.
Shares of TE Connectivity Ltd. (NYSE TEL) opened at 82.62 on Tuesday. The firm’s 50-day moving average price is $79.64 and its 200-day moving average price is $77.66. The firm has a market capitalization of $29.20 billion, a price-to-earnings ratio of 17.54 and a beta of 1.05. TE Connectivity Ltd. has a 12 month low of $60.59 and a 12 month high of $85.20.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.07. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that TE Connectivity Ltd. will post $4.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. TE Connectivity’s dividend payout ratio (DPR) is currently 33.97%.
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In other TE Connectivity news, COO Joseph B. Donahue sold 6,300 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.70, for a total value of $508,410.00. Following the completion of the sale, the chief operating officer now directly owns 34,609 shares in the company, valued at $2,792,946.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joseph B. Donahue sold 52,575 shares of the 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 completion of the sale, the chief operating officer now owns 93,484 shares of the company’s stock, valued at $7,481,524.52. The disclosure for this sale can be found here. Insiders sold 749,165 shares of company stock valued at $59,522,187 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.
TE Connectivity 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.
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