SG Americas Securities LLC lifted its stake in TE Connectivity Ltd (NYSE:TEL) by 490.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,277 shares of the electronics maker’s stock after purchasing an additional 37,613 shares during the period. SG Americas Securities LLC’s holdings in TE Connectivity were worth $3,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TE Connectivity by 0.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,091 shares of the electronics maker’s stock worth $12,797,000 after acquiring an additional 619 shares during the last quarter. Financial Counselors Inc. raised its position in TE Connectivity by 0.9% during the second quarter. Financial Counselors Inc. now owns 93,913 shares of the electronics maker’s stock worth $8,458,000 after acquiring an additional 855 shares during the last quarter. Commonwealth Bank of Australia raised its position in TE Connectivity by 2.2% during the second quarter. Commonwealth Bank of Australia now owns 40,187 shares of the electronics maker’s stock worth $3,614,000 after acquiring an additional 879 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in TE Connectivity by 1.9% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 48,533 shares of the electronics maker’s stock worth $4,268,000 after acquiring an additional 903 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in TE Connectivity by 35.5% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,630 shares of the electronics maker’s stock worth $327,000 after acquiring an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

NYSE:TEL opened at $74.41 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.41 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $25.60 billion, a PE ratio of 13.26, a PEG ratio of 1.18 and a beta of 1.16. TE Connectivity Ltd has a 1-year low of $73.26 and a 1-year high of $108.23.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.65 billion. TE Connectivity had a net margin of 17.69% and a return on equity of 20.06%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 earnings per share. Research analysts anticipate that TE Connectivity Ltd will post 5.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, November 21st. TE Connectivity’s dividend payout ratio is presently 31.37%.

A number of brokerages have issued reports on TEL. Macquarie began coverage on shares of TE Connectivity in a research report on Monday, October 8th. They set an “outperform” rating for the company. Royal Bank of Canada set a $114.00 target price on shares of TE Connectivity and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Morgan Stanley cut their target price on shares of TE Connectivity from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, July 26th. ValuEngine lowered shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research lowered shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $108.00.

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TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia–Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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