TE Connectivity Ltd. $TEL Stock: Compass Wealth Management LLC Lowers Position

Key Points

• Compass Wealth Management cut its TE Connectivity position by 48.8% in the third quarter, selling 5,815 shares and retaining 6,109 shares valued at approximately $1.29 million.
• TE Connectivity reported quarterly EPS of $2.94, beating estimates of $2.85, while revenue rose 13.8% year over year to $5.16 billion. The company declared a quarterly dividend of $0.78 per share, representing a 1.5% yield.
• Analyst sentiment remains positive, with 11 Buy ratings, four Holds and one Sell; the stock carries a “Moderate Buy” consensus rating and an average price target of $258.07, above its reported $208.24 price.

Compass Wealth Management LLC cut its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 48.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,109 shares of the electronics maker's stock after selling 5,815 shares during the quarter. Compass Wealth Management LLC's holdings in TE Connectivity were worth $1,289,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. JNBA Financial Advisors grew 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 valued at $26,000 after acquiring an additional 51 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in TE Connectivity in the 2nd quarter worth $34,000. Fortitude Family Office LLC raised its position in TE Connectivity by 43.5% during the third quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker's stock worth $45,000 after acquiring an additional 64 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity during the second quarter worth $48,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in TE Connectivity by 106.1% during the first quarter. Brown Lisle Cummings Inc. now owns 272 shares of the electronics maker's stock valued at $57,000 after purchasing an additional 140 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

NYSE TEL opened at $208.24 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $60.29 billion, a PE ratio of 20.42, a P/E/G ratio of 1.26 and a beta of 1.14. The stock has a fifty day simple moving average of $210.00 and a 200-day simple moving average of $210.48. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. Equities analysts anticipate that TE Connectivity Ltd. will post 11.46 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity's dividend payout ratio is presently 30.59%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TEL shares. Wall Street Zen raised shares of TE Connectivity from a "hold" rating to a "buy" rating in a research note on Sunday, October 18th. Wells Fargo & Company upped their price target on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a "cautious" rating in a research report on Friday, September 11th. UBS Group raised their price target on shares of TE Connectivity from $241.00 to $253.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. Robert W. Baird increased their target price on TE Connectivity from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. Finally, Jefferies Financial Group decreased their target price on TE Connectivity from $265.00 to $235.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $258.07.

About TE Connectivity

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.

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