FTB Advisors Inc. maintained its position in TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,517 shares of the electronics maker’s stock at the close of the 2nd quarter. FTB Advisors Inc.’s holdings in TE Connectivity were worth $434,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in shares of TE Connectivity by 4.6% during the 2nd quarter. Prudential Financial Inc. now owns 511,865 shares of the electronics maker’s stock valued at $40,273,000 after acquiring an additional 22,478 shares during the period. Calamos Advisors LLC lifted its position in shares of TE Connectivity by 2.7% during the 2nd quarter. Calamos Advisors LLC now owns 57,157 shares of the electronics maker’s stock valued at $4,497,000 after acquiring an additional 1,512 shares during the period. Swiss National Bank lifted its position in shares of TE Connectivity by 3.0% during the 2nd quarter. Swiss National Bank now owns 1,297,509 shares of the electronics maker’s stock valued at $102,088,000 after acquiring an additional 38,400 shares during the period. Morgan Stanley lifted its position in shares of TE Connectivity by 55.6% during the 1st quarter. Morgan Stanley now owns 1,552,290 shares of the electronics maker’s stock valued at $115,724,000 after acquiring an additional 554,403 shares during the period. Finally, Eqis Capital Management Inc. lifted its position in shares of TE Connectivity by 116.7% during the 2nd quarter. Eqis Capital Management Inc. now owns 7,086 shares of the electronics maker’s stock valued at $558,000 after acquiring an additional 3,816 shares during the period. Institutional investors own 90.08% of the company’s stock.

In related news, insider Thomas J. Lynch sold 186,033 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $79.29, for a total transaction of $14,750,556.57. Following the completion of the sale, the insider now directly owns 298,851 shares of the company’s stock, valued at $23,695,895.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas J. Lynch sold 130,616 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 429,499 shares of the company’s stock, valued at $35,807,331.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 693,747 shares of company stock valued at $55,780,069. Company insiders own 1.30% of the company’s stock.

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A number of equities research analysts have recently issued reports on TEL shares. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Monday, September 4th. Royal Bank Of Canada lifted their price target on shares of TE Connectivity from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, June 27th. Morgan Stanley reiterated an “overweight” rating and set a $89.00 price target on shares of TE Connectivity in a research report on Wednesday, September 20th. BidaskClub downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Finally, Cowen and Company reiterated a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. TE Connectivity currently has a consensus rating of “Hold” and an average price target of $84.14.

Shares of TE Connectivity Ltd. (NYSE:TEL) traded up 0.01% on Friday, hitting $86.09. 121,413 shares of the stock were exchanged. TE Connectivity Ltd. has a one year low of $60.59 and a one year high of $86.42. The company has a market cap of $30.42 billion, a P/E ratio of 18.28 and a beta of 1.08. The firm’s 50-day moving average is $80.85 and its 200-day moving average is $78.37.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that TE Connectivity Ltd. will post $4.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, August 23rd. TE Connectivity’s dividend payout ratio is presently 33.97%.

TE Connectivity Company 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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