Rothschild Investment Corp IL maintained its position in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,364 shares of the electronics maker’s stock at the end of the second quarter. Rothschild Investment Corp IL’s holdings in TE Connectivity were worth $973,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Daiwa SB Investments Ltd. purchased a new position in TE Connectivity during the first quarter valued at approximately $101,000. Guardian Life Insurance Co. of America raised its position in TE Connectivity by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock valued at $102,000 after buying an additional 9 shares in the last quarter. Portfolio Solutions LLC purchased a new position in TE Connectivity during the first quarter valued at approximately $104,000. First Command Bank raised its position in TE Connectivity by 19.6% in the second quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock valued at $106,000 after buying an additional 221 shares in the last quarter. Finally, Webster Bank N. A. raised its position in TE Connectivity by 675.0% in the first quarter. Webster Bank N. A. now owns 1,550 shares of the electronics maker’s stock valued at $116,000 after buying an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 90.37% of the company’s stock.
Shares of TE Connectivity Ltd. (TEL) traded up 0.13% during midday trading on Friday, reaching $77.71. 1,407,046 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $80.26 and a 200-day moving average of $76.97. The company has a market capitalization of $27.46 billion, a PE ratio of 16.50 and a beta of 1.06. TE Connectivity Ltd. has a 1-year low of $60.38 and a 1-year high of $85.20.
TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.07. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. Equities analysts expect that TE Connectivity Ltd. will post $4.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. TE Connectivity’s payout ratio is 33.97%.
Several equities analysts have recently commented on the stock. BidaskClub lowered shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research 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 research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $86.00 price objective (up previously from $82.00) on shares of TE Connectivity in a report on Saturday, April 29th. Finally, Deutsche Bank AG upped their price objective on shares of TE Connectivity from $75.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. TE Connectivity has a consensus rating of “Hold” and an average target price of $83.43.
In related news, SVP Mario Calastri sold 6,000 shares of TE Connectivity stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $80.23, for a total value of $481,380.00. Following the completion of the sale, the senior vice president now directly owns 23,078 shares in the company, valued at $1,851,547.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joseph B. Donahue sold 6,300 shares of TE Connectivity 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 owns 34,609 shares of the company’s stock, valued at $2,792,946.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 726,407 shares of company stock valued at $57,751,239. Corporate insiders own 1.30% of the company’s stock.
About TE Connectivity
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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