Linden Thomas Advisory Services LLC Takes Position in TE Connectivity Ltd. $TEL

Linden Thomas Advisory Services LLC acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,461 shares of the electronics maker’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEL. Vanguard Group Inc. lifted its stake in shares of TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock valued at $5,353,401,000 after purchasing an additional 5,502,415 shares during the period. Valeo Financial Advisors LLC increased its position in TE Connectivity by 39,846.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock valued at $299,490,000 after buying an additional 1,771,153 shares in the last quarter. Nuveen LLC bought a new stake in TE Connectivity in the 1st quarter valued at about $174,700,000. Wellington Management Group LLP increased its position in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock valued at $1,054,133,000 after buying an additional 1,097,035 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock valued at $927,571,000 after buying an additional 960,276 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the transaction, the insider owned 25,976 shares in the company, valued at $5,272,868.24. The trade was a 47.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TEL shares. Citigroup boosted their target price on TE Connectivity from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Barclays started coverage on TE Connectivity in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $249.00 target price for the company. UBS Group boosted their target price on TE Connectivity from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, October 6th. The Goldman Sachs Group boosted their target price on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 31st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.00.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $236.82 on Tuesday. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $238.99. The stock’s 50 day moving average price is $215.78 and its 200-day moving average price is $184.78. The company has a market capitalization of $69.98 billion, a PE ratio of 49.03, a PEG ratio of 2.54 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s payout ratio is presently 58.80%.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.