Principal Financial Group Inc. decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 581,876 shares of the electronics maker’s stock after selling 13,556 shares during the period. Principal Financial Group Inc. owned approximately 0.16% of TE Connectivity worth $48,330,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of TE Connectivity by 2.3% during the second quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock worth $1,834,196,000 after acquiring an additional 521,884 shares during the last quarter. Boston Partners grew its stake in shares of TE Connectivity by 8.1% during the third quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock worth $1,032,298,000 after acquiring an additional 934,796 shares during the last quarter. FMR LLC grew its stake in shares of TE Connectivity by 9.7% during the second quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s stock worth $420,131,000 after acquiring an additional 472,037 shares during the last quarter. EdgePoint Investment Group Inc. grew its stake in shares of TE Connectivity by 9.4% during the second quarter. EdgePoint Investment Group Inc. now owns 4,015,693 shares of the electronics maker’s stock worth $315,955,000 after acquiring an additional 346,093 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of TE Connectivity by 7.1% during the second quarter. Wells Fargo & Company MN now owns 3,903,233 shares of the electronics maker’s stock worth $307,105,000 after acquiring an additional 259,969 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

In other TE Connectivity news, COO Joseph B. Donahue sold 8,843 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $93.25, for a total value of $824,609.75. Following the completion of the transaction, the chief operating officer now directly owns 44,480 shares of the company’s stock, valued at $4,147,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas J. Lynch sold 186,033 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $79.29, for a total value of $14,750,556.57. Following the transaction, the insider now directly owns 298,851 shares of the company’s stock, valued at $23,695,895.79. The disclosure for this sale can be found here. Insiders sold 521,346 shares of company stock valued at $44,465,473 over the last three months. 1.49% of the stock is currently owned by corporate insiders.

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TE Connectivity Ltd. (NYSE:TEL) opened at $93.82 on Wednesday. TE Connectivity Ltd. has a twelve month low of $66.14 and a twelve month high of $93.83. The stock has a market capitalization of $32,991.94, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the company posted $1.22 earnings per share. TE Connectivity’s revenue for the quarter was up 3.7% on a year-over-year basis. equities research analysts predict that TE Connectivity Ltd. will post 5.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, November 22nd. TE Connectivity’s payout ratio is presently 33.97%.

A number of equities research analysts recently commented on TEL shares. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 target price on shares of TE Connectivity in a research report on Friday, November 3rd. Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Monday, September 11th. Royal Bank Of Canada dropped their target price on TE Connectivity from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Robert W. Baird started coverage on TE Connectivity in a research report on Friday, November 3rd. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company started coverage on TE Connectivity in a research report on Friday, November 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $150.00.

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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