155,158 TE Connectivity Ltd. $TEL Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group increased its TE Connectivity holdings by 45.8% in the third quarter, adding 155,158 shares to own 493,733 shares valued at about $104.2 million. Institutional investors overall held 91.43% of the company’s stock.
• TE Connectivity beat quarterly earnings and revenue estimates, reporting EPS of $3.14 and revenue of $5.31 billion; revenue rose 11.9% year over year. The company declared a quarterly dividend of $0.78 per share.
• Analysts’ consensus rating was “Moderate Buy”, with a consensus price target of $255.50; 11 analysts rated the stock Buy, five Hold, and one Sell.

Aberdeen Group plc lifted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 45.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 493,733 shares of the electronics maker's stock after acquiring an additional 155,158 shares during the quarter. Aberdeen Group plc owned 0.17% of TE Connectivity worth $104,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TEL. State Street Corp lifted its position in TE Connectivity by 5.7% during the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker's stock valued at $2,750,079,000 after purchasing an additional 730,084 shares during the period. Wellington Management Group LLP boosted its holdings in TE Connectivity by 48.2% in the second 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 purchasing an additional 109,020 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 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 grew its position in TE Connectivity by 37.2% during the 1st quarter. Amundi now owns 2,256,878 shares of the electronics maker's stock worth $471,733,000 after purchasing an additional 612,180 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Price Performance

NYSE:TEL opened at $216.22 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.18. The company has a 50 day moving average price of $213.45 and a 200-day moving average price of $212.28. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The firm has a market cap of $61.99 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.07 by $0.07. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $2.44 earnings per share. Equities research analysts forecast that TE Connectivity Ltd. will post 13.52 EPS for the current year.

TE Connectivity Announces Dividend

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 paid a dividend of $0.78 per share. 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 is presently 28.18%.

Analyst Ratings Changes

TEL has been the subject of a number of recent research reports. UBS Group lifted their price objective on TE Connectivity from $253.00 to $263.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Wall Street Zen cut TE Connectivity from a "buy" rating to a "hold" rating in a report on Saturday, November 7th. Robert W. Baird upped their target price on TE Connectivity from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 6th. Barclays raised their target price on TE Connectivity from $300.00 to $304.00 and gave the stock an "overweight" rating in a report on Monday, November 2nd. Finally, Wells Fargo & Company raised their target price on TE Connectivity from $209.00 to $220.00 and gave the stock a "cautious" rating in a report on Friday, September 11th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TE Connectivity has a consensus rating of "Moderate Buy" and a consensus target price of $255.50.

TE Connectivity Company Profile

TE Connectivity NYSE: TEL designs and manufactures connectivity and sensor solutions used to transmit data, power and signals. Its products include connectors, terminals, relays, antennas and sensors, as well as related components and systems. The company serves customers in industries including automotive, industrial equipment, communications, aerospace and defense, medical technology, and energy. Its products are used in applications ranging from vehicles and factory automation to telecommunications infrastructure and aircraft.

Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.