TE Connectivity Ltd. (NYSE:TEL) is John G Ullman & Associates Inc.’s 8th Largest Position

John G Ullman & Associates Inc. cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 108,637 shares of the electronics maker’s stock after selling 1,100 shares during the period. TE Connectivity comprises about 2.4% of John G Ullman & Associates Inc.’s holdings, making the stock its 8th largest position. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $16,403,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of TE Connectivity by 54.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock valued at $2,265,218,000 after buying an additional 5,526,230 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in TE Connectivity by 26.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,280,632 shares of the electronics maker’s stock worth $944,791,000 after acquiring an additional 1,304,199 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in TE Connectivity by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,118,636 shares of the electronics maker’s stock valued at $469,113,000 after acquiring an additional 223,842 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of TE Connectivity by 3.3% in the 2nd quarter. Cooke & Bieler LP now owns 1,753,850 shares of the electronics maker’s stock worth $263,832,000 after purchasing an additional 55,777 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of TE Connectivity by 13.1% in the second quarter. Canada Pension Plan Investment Board now owns 1,434,642 shares of the electronics maker’s stock worth $215,813,000 after purchasing an additional 166,339 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $147.88 on Thursday. The stock has a market cap of $44.24 billion, a PE ratio of 14.40, a P/E/G ratio of 2.00 and a beta of 1.33. The business’s 50-day simple moving average is $148.70 and its two-hundred day simple moving average is $149.44. TE Connectivity Ltd. has a 52 week low of $128.52 and a 52 week high of $159.98. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, hitting analysts’ consensus estimates of $1.95. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. As a group, analysts forecast that TE Connectivity Ltd. will post 8.14 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $0.65 per share. This represents a yield of 1.75%. The ex-dividend date of this dividend is Friday, November 22nd. TE Connectivity’s payout ratio is 25.32%.

TE Connectivity announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 30th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

TEL has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Hsbc Global Res cut shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. The Goldman Sachs Group decreased their target price on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. HSBC downgraded TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price target on the stock. in a research note on Thursday, October 31st. Finally, Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $159.55.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.