TE Connectivity Ltd. $TEL Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 17.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,017,730 shares of the electronics maker’s stock after selling 218,715 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in TE Connectivity were worth $214,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. JNBA Financial Advisors raised its stake in shares of TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in TE Connectivity in the 2nd quarter worth about $34,000. Fortitude Family Office LLC boosted its stake in TE Connectivity by 43.5% in the 3rd quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 64 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in TE Connectivity during the 2nd quarter valued at about $48,000. Finally, Brown Lisle Cummings Inc. grew its holdings in TE Connectivity by 106.1% during the 1st quarter. Brown Lisle Cummings Inc. now owns 272 shares of the electronics maker’s stock valued at $57,000 after buying an additional 140 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $213.44 on Wednesday. The stock’s 50-day simple moving average is $210.13 and its two-hundred day simple moving average is $210.45. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The firm has a market capitalization of $61.79 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.25 and a beta of 1.14. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42.

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

TE Connectivity Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TEL shares. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group boosted their price objective 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. 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 report on Friday, September 11th. Sanford C. Bernstein assumed coverage on shares of TE Connectivity in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $243.00 target price on the stock. Finally, Jefferies Financial Group cut their price target 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. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.