Bp Plc maintained its stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 45,000 shares of the electronics maker’s stock at the end of the second quarter. Bp Plc’s holdings in TE Connectivity were worth $3,541,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TEL. Vanguard Group Inc. increased its position in TE Connectivity by 3.6% in the first quarter. Vanguard Group Inc. now owns 22,790,216 shares of the electronics maker’s stock valued at $1,699,010,000 after buying an additional 796,516 shares during the last quarter. BlackRock Inc. increased its position in TE Connectivity by 1,777.1% in the first quarter. BlackRock Inc. now owns 17,203,935 shares of the electronics maker’s stock valued at $1,282,551,000 after buying an additional 16,287,414 shares during the last quarter. State Street Corp increased its position in TE Connectivity by 3.6% in the first quarter. State Street Corp now owns 13,850,157 shares of the electronics maker’s stock valued at $1,032,534,000 after buying an additional 486,340 shares during the last quarter. Boston Partners increased its position in TE Connectivity by 1.6% in the first quarter. Boston Partners now owns 11,779,206 shares of the electronics maker’s stock valued at $878,140,000 after buying an additional 187,835 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its position in TE Connectivity by 3.6% in the first quarter. Fiduciary Management Inc. WI now owns 9,616,782 shares of the electronics maker’s stock valued at $716,931,000 after buying an additional 331,080 shares during the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.

Shares of TE Connectivity Ltd. (TEL) opened at 81.19 on Thursday. The firm has a market capitalization of $28.69 billion, a P/E ratio of 17.24 and a beta of 1.06. The firm’s 50-day moving average price is $80.25 and its 200 day moving average price is $76.74. TE Connectivity Ltd. has a 12 month low of $59.62 and a 12 month high of $85.20.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that TE Connectivity Ltd. will post $4.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. TE Connectivity’s payout ratio is 33.97%.

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Several research firms recently issued reports on TEL. BidaskClub downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada reissued an “outperform” rating and issued a $86.00 target price on shares of TE Connectivity in a research report on Tuesday, June 6th. Finally, Cowen and Company reissued an “outperform” rating and issued a $95.00 target price (up from $90.00) on shares of TE Connectivity in a research report on Monday, June 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $83.43.

In other news, EVP John S. Jenkins sold 14,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $75.70, for a total value of $1,059,800.00. Following the completion of the sale, the executive vice president now directly owns 8,823 shares of the company’s stock, valued at $667,901.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joseph B. Donahue sold 6,300 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $80.70, for a total transaction of $508,410.00. Following the completion of the sale, the chief operating officer now directly owns 34,609 shares of the company’s stock, valued at $2,792,946.30. The disclosure for this sale can be found here. Insiders sold 740,407 shares of company stock valued at $58,811,039 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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

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