TE Connectivity Ltd. $TEL Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 12.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 245,981 shares of the electronics maker’s stock after selling 36,301 shares during the period. Boston Trust Walden Corp’s holdings in TE Connectivity were worth $51,922,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TEL. State Street Corp increased its position in 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 purchasing an additional 730,084 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in TE Connectivity by 3.5% in the second quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after acquiring an additional 109,020 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 period. Finally, Amundi increased its position in shares of TE Connectivity by 37.2% in the first quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock worth $471,733,000 after acquiring an additional 612,180 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $220.54 on Thursday. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The company has a market capitalization of $63.85 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.39 and a beta of 1.15. The firm has a 50-day moving average of $212.04 and a two-hundred day moving average of $212.84. The company has a current ratio of 1.73, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38.

TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.29 billion. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 earnings per share. As a group, analysts expect that TE Connectivity Ltd. will post 13.33 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company 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 $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity’s dividend payout ratio (DPR) is 28.18%.

Wall Street Analyst Weigh In

TEL has been the topic of several analyst reports. Citigroup raised their target price on TE Connectivity from $230.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Sanford C. Bernstein initiated coverage on TE Connectivity in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $243.00 price objective for the company. Wells Fargo & Company increased their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. JPMorgan Chase & Co. cut their price target on TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. Finally, Truist Financial reduced their target price on shares of TE Connectivity from $240.00 to $215.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.50.

View Our Latest Research Report on TE Connectivity

TE Connectivity Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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