Federated Investors Inc. PA trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 83.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,644 shares of the electronics maker’s stock after selling 43,063 shares during the period. Federated Investors Inc. PA’s holdings in TE Connectivity were worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TEL. BlackRock Inc. raised its holdings in shares of TE Connectivity by 1,777.1% during the 1st quarter. BlackRock Inc. now owns 17,203,935 shares of the electronics maker’s stock worth $1,282,551,000 after acquiring an additional 16,287,414 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of TE Connectivity by 112,210.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock worth $132,549,000 after acquiring an additional 1,683,159 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of TE Connectivity by 234,499.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,616,388 shares of the electronics maker’s stock worth $120,502,000 after acquiring an additional 1,615,699 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of TE Connectivity by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 22,790,216 shares of the electronics maker’s stock worth $1,699,010,000 after acquiring an additional 796,516 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of TE Connectivity by 171.0% during the 1st quarter. AQR Capital Management LLC now owns 1,101,509 shares of the electronics maker’s stock worth $82,117,000 after acquiring an additional 695,092 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the company. BidaskClub cut TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded 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 restated a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a report on Thursday, August 10th. Finally, Royal Bank Of Canada increased their price target on TE Connectivity from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $83.86.

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In related news, COO Joseph B. Donahue sold 6,300 shares of TE Connectivity stock in a transaction that occurred on 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 owns 34,609 shares in the company, valued at $2,792,946.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joseph B. Donahue sold 52,575 shares of TE Connectivity stock in a transaction that occurred on 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 owns 93,484 shares in the company, valued at approximately $7,481,524.52. 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 currently owned by company insiders.

Shares of TE Connectivity Ltd. (NYSE TEL) opened at 82.62 on Tuesday. The company’s 50-day moving average price is $79.64 and its 200 day moving average price is $77.66. The stock has a market cap 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 data on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the business posted $1.08 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that TE Connectivity Ltd. will post $4.75 earnings per share for the current year.

The business also recently disclosed 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 of this dividend was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. TE Connectivity’s payout ratio is 33.97%.

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.

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

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