ETRADE Capital Management LLC Purchases 935 Shares of TE Connectivity Ltd. (TEL)

ETRADE Capital Management LLC increased its position in TE Connectivity Ltd. (NYSE:TEL) by 3.3% during the third quarter, Holdings Channel reports. The institutional investor owned 29,614 shares of the company’s stock after buying an additional 935 shares during the period. ETRADE Capital Management LLC’s holdings in TE Connectivity were worth $1,907,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TEL. Virtus Investment Advisers Inc. purchased a new position in TE Connectivity during the third quarter worth about $105,000. Global X Management Co. LLC increased its stake in shares of TE Connectivity by 97.0% in the third quarter. Global X Management Co. LLC now owns 2,098 shares of the company’s stock worth $135,000 after buying an additional 1,033 shares during the period. SRB Corp increased its stake in shares of TE Connectivity by 3.8% in the third quarter. SRB Corp now owns 2,483 shares of the company’s stock worth $160,000 after buying an additional 92 shares during the period. Bienville Capital Management LLC purchased a new stake in shares of TE Connectivity during the second quarter worth approximately $202,000. Finally, Seizert Capital Partners LLC purchased a new stake in shares of TE Connectivity during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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

TE Connectivity Ltd. (NYSE:TEL) opened at 75.42 on Wednesday. The company has a 50-day moving average price of $71.81 and a 200 day moving average price of $66.15. TE Connectivity Ltd. has a 1-year low of $53.90 and a 1-year high of $76.49. The firm has a market capitalization of $26.80 billion, a price-to-earnings ratio of 13.19 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.15. The firm earned $3.10 billion during the quarter, compared to analyst estimates of $3 billion. TE Connectivity had a return on equity of 19.26% and a net margin of 16.56%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. Equities analysts anticipate that TE Connectivity Ltd. will post $4.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.96%. TE Connectivity’s payout ratio is currently 25.92%.

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A number of analysts recently issued reports on TEL shares. Stifel Nicolaus raised their target price on shares of TE Connectivity from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. Goldman Sachs Group, Inc. (The) lowered TE Connectivity from a “neutral” rating to a “sell” rating and increased their price target for the stock from $63.00 to $64.00 in a research note on Wednesday, January 4th. Longbow Research upgraded TE Connectivity from a “neutral” rating to a “buy” rating in a report on Thursday, January 12th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $66.00 price objective (up previously from $65.00) on shares of TE Connectivity in a research report on Thursday, November 3rd. Finally, Royal Bank Of Canada upped their target price on TE Connectivity from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $68.40.

In other news, CEO Thomas J. Lynch sold 97,745 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $67.22, for a total transaction of $6,570,418.90. Following the completion of the sale, the chief executive officer now owns 300,901 shares in the company, valued at approximately $20,226,565.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Terrence R. Curtin sold 150,000 shares of the stock in a transaction on Friday, February 10th. The shares were sold at an average price of $75.03, for a total value of $11,254,500.00. Following the sale, the insider now owns 165,181 shares of the company’s stock, valued at approximately $12,393,530.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 680,538 shares of company stock valued at $48,330,192. 1.49% of the stock is currently owned by corporate insiders.

About TE Connectivity

TE Connectivity Ltd. is a technology company, which designs and manufactures connectivity and sensors solutions. The Company operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Company’s segments manufacture and distribute its products and solutions to a range of end markets.

5 Day Chart for NYSE:TEL

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