TE Connectivity Ltd. $TEL Stock: Schwartz Investment Counsel Inc. Raises Holdings

Schwartz Investment Counsel Inc. boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 763.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,990 shares of the electronics maker’s stock after buying an additional 100,790 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in TE Connectivity were worth $24,061,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JNBA Financial Advisors increased its position in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of TE Connectivity by 113.6% in the third quarter. Center for Financial Planning Inc. now owns 126 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 67 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of TE Connectivity in the second quarter valued at $34,000. Fortitude Family Office LLC boosted its stake in shares of TE Connectivity by 43.5% during the third quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TE Connectivity during the second quarter valued at $48,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the subject of a number of recent research reports. Citigroup dropped their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Wells Fargo & Company upped their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a report on Friday, September 11th. JPMorgan Chase & Co. reduced their target price on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. The Goldman Sachs Group raised their price target on shares of TE Connectivity from $284.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Thursday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus target price of $258.07.

TE Connectivity Trading Up 5.1%

Shares of TEL opened at $224.75 on Wednesday. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The stock has a fifty day moving average of $210.07 and a two-hundred day moving average of $213.31.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%.

TE Connectivity Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.