TE Connectivity Ltd. $TEL Stock Holdings Increased by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 72.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,233 shares of the electronics maker’s stock after acquiring an additional 1,360 shares during the quarter. Purkiss Capital Advisors LLC’s holdings in TE Connectivity were worth $545,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Princeton Global Asset Management LLC bought a new stake in shares of TE Connectivity during the second quarter valued at about $26,000. Costello Asset Management INC acquired a new position in TE Connectivity during the 1st quarter valued at about $28,000. Salomon & Ludwin LLC raised its position in shares of TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity during the 1st quarter worth about $32,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $33,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

NYSE TEL opened at $236.82 on Tuesday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $238.99. The business’s fifty day moving average is $215.78 and its two-hundred day moving average is $184.78. The stock has a market capitalization of $69.98 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.54 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is currently 58.80%.

Analyst Ratings Changes

TEL has been the topic of a number of research analyst reports. KGI Securities upgraded shares of TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 31st. Bank of America boosted their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. The Goldman Sachs Group upped their price objective on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, Robert W. Baird lifted their target price on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.00.

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.