Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 55.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,263 shares of the electronics maker’s stock after buying an additional 112,161 shares during the quarter. TE Connectivity comprises approximately 1.1% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 16th biggest holding. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned about 0.09% of TE Connectivity worth $26,131,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in TE Connectivity by 2.3% during the second quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock valued at $1,834,196,000 after purchasing an additional 521,884 shares during the period. Boston Partners grew its holdings in TE Connectivity by 8.1% during the third quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock valued at $1,032,298,000 after purchasing an additional 934,796 shares during the period. FMR LLC grew its holdings in TE Connectivity by 9.7% during the second quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s stock valued at $420,131,000 after purchasing an additional 472,037 shares during the period. EdgePoint Investment Group Inc. grew its holdings in TE Connectivity by 9.4% during the second quarter. EdgePoint Investment Group Inc. now owns 4,015,693 shares of the electronics maker’s stock valued at $315,955,000 after purchasing an additional 346,093 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in TE Connectivity by 7.1% during the second quarter. Wells Fargo & Company MN now owns 3,903,233 shares of the electronics maker’s stock valued at $307,105,000 after purchasing an additional 259,969 shares during the period. Institutional investors own 90.12% of the company’s stock.

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In related news, CFO Heath A. Mitts sold 10,736 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $93.14, for a total value of $999,951.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas J. Lynch sold 186,033 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 298,851 shares in the company, valued at $23,695,895.79. The disclosure for this sale can be found here. Insiders sold 512,503 shares of company stock worth $43,640,863 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

TEL has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price target on shares of TE Connectivity from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Citigroup Inc. upped their price target on shares of TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Morgan Stanley cut their price objective on shares of TE Connectivity from GBX 350 ($4.60) to GBX 269 ($3.54) and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Finally, Robert W. Baird began coverage on shares of TE Connectivity in a research report on Friday, November 3rd. They issued an “outperform” rating and a $105.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $150.00.

TE Connectivity Ltd. (NYSE TEL) traded up $0.61 during trading hours on Friday, hitting $93.53. 1,022,400 shares of the company’s stock traded hands, compared to its average volume of 1,175,886. TE Connectivity Ltd. has a 12-month low of $66.13 and a 12-month high of $93.75. The firm has a market capitalization of $33,052.00, a P/E ratio of 19.36, a P/E/G ratio of 1.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.54.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the company posted $1.22 earnings per share. TE Connectivity’s revenue was up 3.7% compared to the same quarter last year. equities research analysts expect that TE Connectivity Ltd. will post 5.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.71%. TE Connectivity’s dividend payout ratio (DPR) 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.

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

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