TE Connectivity Ltd. $TEL Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 21.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 53,215 shares of the electronics maker’s stock after selling 14,737 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TE Connectivity were worth $11,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Diversify Advisory Services LLC grew its stake in shares of TE Connectivity by 6.8% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,585 shares of the electronics maker’s stock valued at $550,000 after purchasing an additional 164 shares during the period. South Shore Capital Advisors purchased a new stake in shares of TE Connectivity during the 3rd quarter valued at about $279,000. Prime Capital Investment Advisors LLC lifted its stake in shares of TE Connectivity by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,540 shares of the electronics maker’s stock worth $747,000 after purchasing an additional 127 shares during the period. Net Worth Advisory Group lifted its stake in shares of TE Connectivity by 8.1% in the 3rd quarter. Net Worth Advisory Group now owns 1,480 shares of the electronics maker’s stock worth $322,000 after purchasing an additional 111 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of TE Connectivity by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,039 shares of the electronics maker’s stock worth $9,085,000 after buying an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TEL shares. HSBC cut their target price on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday, October 18th. JPMorgan Chase & Co. decreased their price target on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. Jefferies Financial Group dropped their price target on shares of TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.07.

TE Connectivity Stock Performance

Shares of TEL opened at $208.24 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $210.00 and a two-hundred day simple moving average of $210.48. The stock has a market cap of $60.29 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.26 and a beta of 1.14. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts expect that TE Connectivity Ltd. will post 11.46 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is presently 30.59%.

TE Connectivity 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.