AHL Partners LLP trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 52.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,203 shares of the electronics maker’s stock after selling 75,374 shares during the quarter. AHL Partners LLP’s holdings in TE Connectivity were worth $5,445,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Zurich Insurance Group Ltd FI acquired a new position in TE Connectivity during the second quarter worth $4,539,000. Stifel Financial Corp increased its position in TE Connectivity by 11.4% during the second quarter. Stifel Financial Corp now owns 331,433 shares of the electronics maker’s stock worth $26,065,000 after buying an additional 33,926 shares during the last quarter. Bayesian Capital Management LP increased its position in TE Connectivity by 48.9% during the second quarter. Bayesian Capital Management LP now owns 13,400 shares of the electronics maker’s stock worth $1,054,000 after buying an additional 4,400 shares during the last quarter. Voya Investment Management LLC increased its position in TE Connectivity by 2.4% during the second quarter. Voya Investment Management LLC now owns 93,871 shares of the electronics maker’s stock worth $7,386,000 after buying an additional 2,238 shares during the last quarter. Finally, Veritable L.P. increased its position in TE Connectivity by 1.1% during the second quarter. Veritable L.P. now owns 8,027 shares of the electronics maker’s stock worth $632,000 after buying an additional 87 shares during the last quarter. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

TEL has been the topic of several analyst reports. Royal Bank Of Canada increased their target price on shares of TE Connectivity from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 27th. BidaskClub downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Cowen and Company reaffirmed a “buy” rating and issued a $95.00 price target on shares of TE Connectivity in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.14.

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Shares of TE Connectivity Ltd. (TEL) opened at 86.23 on Friday. The stock has a 50 day moving average price of $81.10 and a 200 day moving average price of $78.45. The firm has a market capitalization of $30.47 billion, a P/E ratio of 18.31 and a beta of 1.08. TE Connectivity Ltd. has a 12 month low of $60.59 and a 12 month high of $86.42.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.07. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business earned $1.08 EPS. TE Connectivity’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts expect that TE Connectivity Ltd. will post $4.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.40 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. TE Connectivity’s dividend payout ratio (DPR) is currently 33.97%.

In related news, insider Thomas J. Lynch sold 186,033 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.75, for a total value of $14,836,131.75. Following the transaction, the insider now owns 504,884 shares in the company, valued at approximately $40,264,499. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas J. Lynch sold 130,616 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the completion of the transaction, the insider now owns 429,499 shares in the company, valued at approximately $35,807,331.63. The disclosure for this sale can be found here. In the last quarter, insiders sold 693,747 shares of company stock worth $55,780,069. 1.30% of the stock is owned by company insiders.

TE Connectivity Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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