72,428 Shares in TE Connectivity Ltd. $TEL Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 72,428 shares of the electronics maker’s stock, valued at approximately $15,288,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of TE Connectivity by 5.7% in the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after purchasing an additional 730,084 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of TE Connectivity by 3.5% during the second quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after purchasing an additional 109,020 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TE Connectivity by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock valued at $618,121,000 after purchasing an additional 118,284 shares in the last quarter. Finally, Amundi boosted its position in shares of TE Connectivity by 37.2% during the first quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock valued at $471,733,000 after buying an additional 612,180 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TEL has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. The Goldman Sachs Group upped their target price on shares of TE Connectivity from $284.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. dropped their price target on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, October 18th. Finally, Sanford C. Bernstein initiated coverage on shares of TE Connectivity in a report on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.50.

TE Connectivity Trading Up 1.0%

TE Connectivity stock opened at $219.61 on Wednesday. The business has a 50-day simple moving average of $211.66 and a two-hundred day simple moving average of $212.94. The company has a market cap of $63.58 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.38 and a beta of 1.15. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. 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 (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.07. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.29 billion. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.44 EPS. Analysts predict that TE Connectivity Ltd. will post 13.33 EPS for the current year.

TE Connectivity Dividend Announcement

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

About TE Connectivity

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.