TE Connectivity Ltd. $TEL Stock: Alps Advisors Inc. Raises Stake

Key Points

• Alps Advisors increased its TE Connectivity stake by 206.1% in the third quarter, ending the period with 33,763 shares valued at approximately $7.13 million. Institutional investors collectively own 91.43% of the company’s stock.
• TE Connectivity reported quarterly earnings of $3.14 per share, above the $3.07 analyst consensus, while revenue rose 11.9% year over year to $5.31 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $255.50. The company also declared a quarterly dividend of $0.78 per share.

Alps Advisors Inc. increased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 206.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,763 shares of the electronics maker's stock after purchasing an additional 22,734 shares during the period. Alps Advisors Inc.'s holdings in TE Connectivity were worth $7,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JNBA Financial Advisors increased its stake in TE Connectivity by 67.1% in 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 period. Independence Bank of Kentucky acquired a new stake in TE Connectivity in the third quarter valued at approximately $26,000. Center for Financial Planning Inc. grew its stake in shares of TE Connectivity by 113.6% during the third quarter. Center for Financial Planning Inc. now owns 126 shares of the electronics maker's stock worth $27,000 after acquiring an additional 67 shares during the last quarter. Bell Investment Advisors Inc increased its position 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. Finally, Pin Oak Investment Advisors Inc. purchased a new position in TE Connectivity during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

NYSE TEL opened at $207.59 on Friday. The company has a market cap of $60.10 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.30 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 company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.18. The stock has a 50-day moving average of $212.17 and a two-hundred day moving average of $212.54.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $3.07 by $0.07. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The company's revenue was up 11.9% on a year-over-year basis. As a group, analysts anticipate that TE Connectivity Ltd. will post 13.43 EPS for the current year.

TE Connectivity Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TEL. 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. The Goldman Sachs Group boosted their target price on shares of TE Connectivity from $284.00 to $288.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Wells Fargo & Company increased their price objective on TE Connectivity from $209.00 to $220.00 and gave the company a "cautious" rating in a research note on Friday, September 11th. Fox Advisors cut TE Connectivity from an "overweight" rating to an "equal weight" rating in a report on Monday, November 2nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of TE Connectivity in a research report on Thursday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TE Connectivity has a consensus rating of "Moderate Buy" and an average price target 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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