4,581 TE Connectivity Ltd. $TEL Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its stake in TE Connectivity Ltd. (NYSE:TEL) by 5.7% during the third quarter, HoldingsChannel reports. The fund owned 75,908 shares of the electronics maker’s stock after selling 4,581 shares during the period. Crossmark Global Holdings Inc.’s holdings in TE Connectivity were worth $16,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JNBA Financial Advisors raised its position in shares of 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 purchasing an additional 51 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in TE Connectivity by 0.7% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,837 shares of the electronics maker’s stock worth $1,580,000 after purchasing an additional 52 shares in the last quarter. First Citizens Bank & Trust Co. grew 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 purchasing an additional 52 shares during the last quarter. First County Bank CT grew its position in TE Connectivity by 2.4% during the 3rd quarter. First County Bank CT now owns 2,326 shares of the electronics maker’s stock valued at $491,000 after purchasing an additional 54 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in TE Connectivity by 24.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 279 shares of the electronics maker’s stock valued at $59,000 after purchasing an additional 54 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Trading Up 0.1%

Shares of NYSE:TEL opened at $213.98 on Thursday. The company has a market cap of $61.95 billion, a P/E ratio of 19.73, a PEG ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. 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 price is $210.12 and its 200-day moving average price is $210.48.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period last year, the firm posted $2.27 earnings per share. TE Connectivity’s revenue was up 13.8% compared to the same quarter last year. Sell-side analysts expect that TE Connectivity Ltd. will post 11.46 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Jefferies Financial Group decreased their target price on shares of TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company upped their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. HSBC reduced their price target on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Finally, UBS Group boosted their price objective on shares of TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $258.07.

TE Connectivity Company Profile

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.