TE Connectivity Ltd. $TEL Stock Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 198.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,931 shares of the electronics maker’s stock after buying an additional 7,930 shares during the period. Chicago Partners Investment Group LLC’s holdings in TE Connectivity were worth $2,482,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TEL. State Street Corp raised its stake in shares of TE Connectivity by 5.7% during the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after buying an additional 730,084 shares during the last quarter. Wellington Management Group LLP raised its position in TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock worth $1,554,259,000 after acquiring an additional 2,507,569 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of TE Connectivity by 3.5% during the 2nd quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock worth $652,796,000 after purchasing an additional 109,020 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TE Connectivity by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock worth $618,121,000 after purchasing an additional 118,284 shares during the last quarter. Finally, Amundi raised its position in shares of TE Connectivity by 37.2% during the 1st quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock worth $471,733,000 after purchasing an additional 612,180 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.6%

NYSE TEL traded up $1.23 during mid-day trading on Friday, hitting $207.59. The company’s stock had a trading volume of 1,809,226 shares, compared to its average volume of 2,142,827. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The stock’s fifty day simple moving average is $212.17 and its two-hundred day simple moving average is $212.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.18. The firm has a market capitalization of $60.10 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.07. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the firm earned $2.44 earnings per share. TE Connectivity’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts expect that TE Connectivity Ltd. will post 13.43 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s payout ratio is 28.18%.

Analysts Set New Price Targets

Several research analysts have weighed in on TEL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Thursday, October 22nd. Wells Fargo & Company increased their price target on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday, September 11th. Fox Advisors cut shares of TE Connectivity from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 2nd. Sanford C. Bernstein initiated coverage on TE Connectivity in a report on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 price objective for the company. Finally, Robert W. Baird increased their target price on TE Connectivity from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.50.

TE Connectivity Profile

TE Connectivity (NYSE: TEL) designs and manufactures connectivity and sensor solutions used to transmit data, power and signals. Its products include connectors, terminals, relays, antennas and sensors, as well as related components and systems.

The company serves customers in industries including automotive, industrial equipment, communications, aerospace and defense, medical technology, and energy. Its products are used in applications ranging from vehicles and factory automation to telecommunications infrastructure and aircraft.

TE Connectivity operates internationally and traces its history to Tyco Electronics, which became an independent company following its separation from Tyco International in 2007.