Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 103.3% during the second quarter, Holdings Channel reports. The fund owned 14,682 shares of the company’s stock after buying an additional 7,460 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in TE Connectivity were worth $838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norinchukin Bank The raised its position in TE Connectivity by 123.9% in the second quarter. Norinchukin Bank The now owns 42,489 shares of the company’s stock worth $2,427,000 after buying an additional 23,516 shares during the last quarter. Blair William & Co. IL raised its position in TE Connectivity by 22.0% in the second quarter. Blair William & Co. IL now owns 129,743 shares of the company’s stock worth $7,410,000 after buying an additional 23,402 shares during the last quarter. MUFG Americas Holdings Corp raised its position in TE Connectivity by 4.8% in the second quarter. MUFG Americas Holdings Corp now owns 12,149 shares of the company’s stock worth $694,000 after buying an additional 556 shares during the last quarter. River Wealth Advisors LLC raised its position in TE Connectivity by 5.0% in the second quarter. River Wealth Advisors LLC now owns 37,269 shares of the company’s stock worth $2,128,000 after buying an additional 1,780 shares during the last quarter. Finally, LSV Asset Management raised its position in TE Connectivity by 3.6% in the second quarter. LSV Asset Management now owns 98,400 shares of the company’s stock worth $5,619,000 after buying an additional 3,400 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Shares of TE Connectivity Ltd. (NYSE:TEL) traded up 1.28% during mid-day trading on Monday, reaching $62.29. 1,730,822 shares of the company’s stock traded hands. TE Connectivity Ltd. has a 12-month low of $51.70 and a 12-month high of $67.99. The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 9.09 and a beta of 1.39. The firm’s 50 day moving average price is $61.40 and its 200-day moving average price is $60.36.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 20th. The company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.05. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.13 billion. TE Connectivity had a net margin of 21.97% and a return on equity of 16.72%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post $4.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Wednesday, August 24th. TE Connectivity’s dividend payout ratio is presently 21.67%.

A number of research analysts recently weighed in on the stock. RBC Capital Markets reissued an “outperform” rating and set a $65.00 price target (up from $63.00) on shares of TE Connectivity in a research report on Thursday, July 21st. Royal Bank Of Canada dropped their price target on shares of TE Connectivity from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Friday, July 1st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $65.00 price target on shares of TE Connectivity in a research report on Wednesday, June 15th.

In other news, CEO Thomas J. Lynch sold 123,635 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $62.78, for a total value of $7,761,805.30. Following the sale, the chief executive officer now directly owns 507,776 shares of the company’s stock, valued at approximately $31,878,177.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James O’toole sold 13,925 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $61.40, for a total transaction of $854,995.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by insiders.

About TE Connectivity

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing.

5 Day Chart for NYSE:TEL

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