Brighton Jones LLC Has $1.03 Million Holdings in TE Connectivity Ltd. $TEL

Brighton Jones LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,078 shares of the electronics maker’s stock after purchasing an additional 174 shares during the quarter. Brighton Jones LLC’s holdings in TE Connectivity were worth $1,025,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TEL. Nordea Investment Management AB lifted its holdings in shares of TE Connectivity by 54.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock worth $269,723,000 after acquiring an additional 565,857 shares during the period. Foresight Group Ltd Liability Partnership acquired a new stake in shares of TE Connectivity during the 1st quarter worth about $31,983,000. Syntegra Private Wealth Group LLC bought a new stake in TE Connectivity during the 2nd quarter worth about $215,000. Ascent Group LLC bought a new stake in TE Connectivity during the 1st quarter worth about $364,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in TE Connectivity by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker’s stock worth $2,479,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TEL shares. Robert W. Baird raised their target price on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Wall Street Zen downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 31st. Barclays began coverage on shares of TE Connectivity in a report on Tuesday, October 7th. They set an “overweight” rating and a $249.00 target price on the stock. Bank of America lifted their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Finally, UBS Group lifted their price objective on shares of TE Connectivity from $240.00 to $260.00 and gave the company a “buy” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $222.00.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Trading Up 0.5%

TEL stock opened at $236.82 on Tuesday. The company has a fifty day moving average price of $215.78 and a two-hundred day moving average price of $184.78. The stock has a market cap of $69.98 billion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth ratio of 2.54 and a beta of 1.26. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $238.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s payout ratio is presently 58.80%.

About TE Connectivity

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.