Norinchukin Financial institution The trimmed its place in shares of TE Connectivity Ltd. (NYSE:TEL) by 43.7% within the third quarter, in line with its most up-to-date submitting with the Securities and Alternate Fee (SEC). The agency owned 26,852 shares of the electronics maker’s inventory after promoting 20,824 shares throughout the quarter. Norinchukin Financial institution The’s holdings in TE Connectivity had been value $2,230,000 on the finish of the newest quarter.
Quite a lot of different institutional buyers have additionally lately made modifications to their positions within the inventory. Vanguard Group Inc. raised its place in TE Connectivity by 2.three% within the 2nd quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s inventory valued at $1,834,196,000 after buying an extra 521,884 shares within the final quarter. Boston Companions raised its place in TE Connectivity by eight.1% within the third quarter. Boston Companions now owns 12,428,336 shares of the electronics maker’s inventory valued at $1,032,298,000 after buying an extra 934,796 shares within the final quarter. FMR LLC raised its place in TE Connectivity by 9.7% within the 2nd quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s inventory valued at $420,131,000 after buying an extra 472,zero37 shares within the final quarter. EdgePoint Funding Group Inc. raised its place in TE Connectivity by 9.four% within the 2nd quarter. EdgePoint Funding Group Inc. now owns four,015,693 shares of the electronics maker’s inventory valued at $315,955,000 after buying an extra 346,093 shares within the final quarter. Lastly, Wells Fargo & Firm MN raised its place in TE Connectivity by 7.1% within the 2nd quarter. Wells Fargo & Firm MN now owns three,903,233 shares of the electronics maker’s inventory valued at $307,105,000 after buying an extra 259,969 shares within the final quarter. Institutional buyers personal 90.22% of the corporate’s inventory.
TE Connectivity Ltd. (TEL) traded up $zero.99 on Friday, reaching $94.82. The corporate’s inventory had a buying and selling quantity of two,zero90,000 shares, in comparison with its common quantity of 1,617,271. TE Connectivity Ltd. has a 52 week low of $66.20 and a 52 week excessive of $96.68. The agency has a market capitalization of $33,324.64, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. The corporate has a debt-to-equity ratio of zero.37, a fast ratio of 1.07 and a present ratio of 1.54.
TE Connectivity (NYSE:TEL) final introduced its earnings outcomes on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.16 by $zero.09. TE Connectivity had a return on fairness of 18.97% and a web margin of 12.84%. The corporate had income of $three.46 billion for the quarter, in comparison with the consensus estimate of $three.28 billion. Throughout the identical interval final yr, the enterprise posted $1.22 EPS. The corporate’s income was up three.7% on a year-over-year foundation. sell-side analysts predict that TE Connectivity Ltd. will submit 5.27 earnings per share for the present fiscal yr.
The agency additionally lately declared a quarterly dividend, which was paid on Friday, December eighth. Traders of report on Friday, November 24th had been paid a $zero.40 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $1.60 dividend on an annualized foundation and a dividend yield of 1.69%. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.
TE Connectivity introduced that its board has accepted a share buyback program on Friday, December eighth that allows the corporate to buyback $1.50 billion in excellent shares. This buyback authorization permits the electronics maker to buy shares of its inventory by way of open market purchases. Inventory buyback packages are often a sign that the corporate’s board believes its shares are undervalued.
Quite a lot of equities analysis analysts have issued stories on TEL shares. SunTrust Banks elevated their value goal on TE Connectivity to $90.00 and gave the corporate a “maintain” score in a analysis report on Thursday, November 2nd. They famous that the transfer was a valuation name. Zacks Investment Research raised TE Connectivity from a “maintain” score to a “purchase” score and set a $89.00 value goal on the inventory in a analysis report on Monday, September 4th. Stifel Nicolaus reissued a “purchase” score and set a $87.00 goal value on shares of TE Connectivity in a analysis report on Tuesday, October 17th. Royal Financial institution Of Canada reissued a “purchase” score and set a $95.00 goal value (up beforehand from $90.00) on shares of TE Connectivity in a analysis report on Monday, October 30th. Lastly, Wells Fargo & Firm assumed protection on TE Connectivity in a analysis report on Friday, November 10th. They set an “outperform” score and a $105.00 goal value on the inventory. Two analysis analysts have rated the inventory with a promote score, two have issued a maintain score and 13 have given a purchase score to the inventory. The corporate presently has a mean score of “Purchase” and a consensus goal value of $151.07.
In associated information, insider Thomas J. Lynch offered 130,617 shares of TE Connectivity inventory in a transaction that occurred on Wednesday, November 1st. The inventory was offered at a mean value of $91.29, for a complete worth of $11,924,zero25.93. Following the sale, the insider now immediately owns 429,500 shares within the firm, valued at $39,209,055. The transaction was disclosed in a doc filed with the SEC, which could be accessed by way of this link. Additionally, insider Thomas J. Lynch offered 130,616 shares of TE Connectivity inventory in a transaction that occurred on Monday, October 2nd. The shares had been offered at a mean value of $83.37, for a complete worth of $10,889,455.92. Following the completion of the sale, the insider now owns 429,499 shares within the firm, valued at $35,807,331.63. The disclosure for this sale could be discovered here. Over the past 90 days, insiders offered 759,805 shares of firm inventory value $69,542,539. Firm insiders personal 1.30% of the corporate’s inventory.
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TE Connectivity Firm Profile
TE Connectivity Ltd. is a expertise firm. The Firm designs and manufactures connectivity and sensors options. It operates by way of three segments: Transportation Options, Industrial Options and Communications Options. The Transportation Options phase presents connectivity and sensor applied sciences.
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