Walter & Keenan Financial Consulting Co. MI ADV maintained its position in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, Holdings Channel reports. The fund owned 4,199 shares of the electronics maker’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in TE Connectivity were worth $330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TEL. Morgan Stanley boosted its position in TE Connectivity by 55.6% in the first quarter. Morgan Stanley now owns 1,552,290 shares of the electronics maker’s stock worth $115,724,000 after buying an additional 554,403 shares during the last quarter. Howland Capital Management LLC boosted its position in shares of TE Connectivity by 0.4% in the first quarter. Howland Capital Management LLC now owns 266,606 shares of the electronics maker’s stock valued at $19,875,000 after buying an additional 1,019 shares during the last quarter. First Manhattan Co. boosted its position in shares of TE Connectivity by 18.1% in the first quarter. First Manhattan Co. now owns 3,918 shares of the electronics maker’s stock valued at $252,000 after buying an additional 600 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of TE Connectivity by 56.5% in the first quarter. Toronto Dominion Bank now owns 95,909 shares of the electronics maker’s stock valued at $7,149,000 after buying an additional 34,630 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in shares of TE Connectivity by 3.6% in the first quarter. Fiduciary Management Inc. WI now owns 9,616,782 shares of the electronics maker’s stock valued at $716,931,000 after buying an additional 331,080 shares during the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.

TE Connectivity Ltd. (NYSE TEL) opened at 81.19 on Thursday. The firm’s 50-day moving average is $80.25 and its 200 day moving average is $76.74. The company has a market capitalization of $28.69 billion, a PE ratio of 17.24 and a beta of 1.06. TE Connectivity Ltd. has a one year low of $59.62 and a one year high of $85.20.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.07. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the company posted $1.08 EPS. TE Connectivity’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that TE Connectivity Ltd. will post $4.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, August 23rd. TE Connectivity’s dividend payout ratio is presently 33.97%.

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Several research analysts have issued reports on TEL shares. Zacks Investment Research cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Morgan Stanley increased their target price on shares of TE Connectivity from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. Deutsche Bank AG increased their target price on shares of TE Connectivity from $75.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $86.00 target price on shares of TE Connectivity in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $83.43.

In other news, COO Joseph B. Donahue sold 6,300 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.70, for a total transaction of $508,410.00. Following the completion of the transaction, the chief operating officer now directly owns 34,609 shares of the company’s stock, valued at $2,792,946.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Joseph B. Donahue sold 52,575 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $80.03, for a total value of $4,207,577.25. Following the transaction, the chief operating officer now directly owns 93,484 shares of the company’s stock, valued at $7,481,524.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 740,407 shares of company stock valued at $58,811,039. Corporate insiders own 1.30% of the company’s stock.

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.

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

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