7,930 TE Connectivity Ltd. $TEL Shares Purchased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group increased its TE Connectivity stake by 198.2% in the third quarter, adding 7,930 shares to hold 11,931 shares valued at about $2.48 million. Institutional investors collectively own 91.43% of the stock.
• TE Connectivity beat quarterly earnings and revenue estimates, reporting $3.14 per share on $5.31 billion in revenue; revenue rose 11.9% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $255.50. The company also announced a quarterly dividend of $0.78 per share, equivalent to a 1.5% yield.

Chicago Partners Investment Group LLC grew its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 198.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,931 shares of the electronics maker's stock after purchasing an additional 7,930 shares during the period. Chicago Partners Investment Group LLC's holdings in TE Connectivity were worth $2,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TEL. Bell Investment Advisors Inc increased its holdings in shares of TE Connectivity by 56.1% in the 3rd quarter. Bell Investment Advisors Inc now owns 128 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 46 shares during the period. JNBA Financial Advisors grew its stake in TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock worth $26,000 after buying an additional 51 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in TE Connectivity by 0.7% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,837 shares of the electronics maker's stock worth $1,580,000 after buying an additional 52 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in TE Connectivity by 0.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 6,577 shares of the electronics maker's stock valued at $1,388,000 after buying an additional 52 shares in the last quarter. Finally, First County Bank CT raised its stake in TE Connectivity by 2.4% in the third quarter. First County Bank CT now owns 2,326 shares of the electronics maker's stock valued at $491,000 after buying an additional 54 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Trading Up 0.6%

TE Connectivity stock traded up $1.23 during mid-day trading on Friday, hitting $207.59. The company's stock had a trading volume of 1,809,226 shares, compared to its average volume of 2,142,827. The firm has a market capitalization of $60.10 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56. The stock's fifty day moving average is $212.17 and its two-hundred day moving average is $212.54. 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 released its earnings results on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.07. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. TE Connectivity's revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.44 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 13.43 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity's dividend payout ratio is presently 28.18%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TEL shares. Wall Street Zen lowered TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group decreased their price objective on shares of TE Connectivity from $265.00 to $235.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of TE Connectivity in a research report on Thursday, October 22nd. Citigroup upped their price target on shares of TE Connectivity from $230.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Finally, Barclays lifted their price objective on shares of TE Connectivity from $300.00 to $304.00 and gave the stock an "overweight" rating in a research note on Monday, November 2nd. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.

TE Connectivity operates internationally and traces its history to Tyco Electronics, which became an independent company following its separation from Tyco International in 2007.

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