Leo Wealth LLC bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 3,018 shares of the electronics maker’s stock, valued at approximately $637,000.
Several other large investors have also added to or reduced their stakes in TEL. Apollon Wealth Management LLC boosted its holdings in shares of TE Connectivity by 3.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 9,325 shares of the electronics maker’s stock worth $1,968,000 after buying an additional 310 shares in the last quarter. Sigma Planning Corp grew its position in shares of TE Connectivity by 9.9% during the 3rd quarter. Sigma Planning Corp now owns 1,920 shares of the electronics maker’s stock worth $405,000 after buying an additional 173 shares during the period. Valley National Advisers Inc. grew its position in shares of TE Connectivity by 3.6% during the 3rd quarter. Valley National Advisers Inc. now owns 11,380 shares of the electronics maker’s stock worth $2,402,000 after buying an additional 399 shares during the period. Signaturefd LLC increased its stake in shares of TE Connectivity by 22.5% in the 3rd quarter. Signaturefd LLC now owns 9,286 shares of the electronics maker’s stock valued at $1,960,000 after acquiring an additional 1,707 shares in the last quarter. Finally, BG Investment Services LLC bought a new stake in shares of TE Connectivity in the 3rd quarter valued at $1,447,000. Institutional investors and hedge funds own 91.43% of the company’s stock.
TE Connectivity Stock Performance
TEL opened at $224.75 on Wednesday. The company’s fifty day moving average price is $210.07 and its two-hundred day moving average price is $213.31. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56.
TE Connectivity Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders 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 dividend yield of 1.4%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research report on Friday, September 11th. The Goldman Sachs Group increased their price objective on shares of TE Connectivity from $284.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. UBS Group raised their target price on TE Connectivity from $241.00 to $253.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Sanford C. Bernstein began coverage on TE Connectivity in a research note on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 price target on the stock. Finally, Jefferies Financial Group dropped their price target on TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $258.07.
Get Our Latest Stock Report on TE Connectivity
About TE Connectivity
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.
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