TE Connectivity Ltd. $TEL Stock Holdings Lifted by Leuthold Group LLC

Leuthold Group LLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 13.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,288 shares of the electronics maker’s stock after acquiring an additional 3,983 shares during the quarter. Leuthold Group LLC’s holdings in TE Connectivity were worth $7,238,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Clear Wave Wealth Management LLC raised its position in TE Connectivity by 9.7% in the 3rd quarter. Clear Wave Wealth Management LLC now owns 1,489 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 132 shares during the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of TE Connectivity by 220.3% during the third quarter. Beverly Hills Private Wealth LLC now owns 32,067 shares of the electronics maker’s stock worth $6,769,000 after purchasing an additional 22,056 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of TE Connectivity by 39.7% during the third quarter. Brighton Jones LLC now owns 11,018 shares of the electronics maker’s stock worth $2,326,000 after purchasing an additional 3,132 shares during the last quarter. Ethic Inc. increased its stake in shares of TE Connectivity by 6.2% in the third quarter. Ethic Inc. now owns 31,866 shares of the electronics maker’s stock valued at $6,726,000 after buying an additional 1,872 shares in the last quarter. Finally, StoneX Group Inc. increased its stake in shares of TE Connectivity by 21.6% in the third quarter. StoneX Group Inc. now owns 1,389 shares of the electronics maker’s stock valued at $288,000 after buying an additional 247 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of TE Connectivity from $300.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Citigroup raised their price objective on shares of TE Connectivity from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. dropped their target price on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, July 16th. The Goldman Sachs Group upped their target price on shares of TE Connectivity from $284.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, HSBC decreased their price target on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.50.

TE Connectivity Trading Up 5.7%

Shares of TEL opened at $218.85 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The firm has a market capitalization of $63.36 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The stock’s fifty day simple moving average is $212.49 and its 200-day simple moving average is $212.48.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.07. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.29 billion. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $2.44 earnings per share. As a group, research analysts predict that TE Connectivity Ltd. will post 13.43 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, November 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s payout ratio is currently 28.18%.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) designs and manufactures connectivity and sensor solutions used to transmit data, power and signals. Its products include connectors, terminals, relays, antennas and sensors, as well as related components and systems.

The company serves customers in industries including automotive, industrial equipment, communications, aerospace and defense, medical technology, and energy. Its products are used in applications ranging from vehicles and factory automation to telecommunications infrastructure and aircraft.

TE Connectivity operates internationally and traces its history to Tyco Electronics, which became an independent company following its separation from Tyco International in 2007.