UNIVEST FINANCIAL Corp Buys 6,369 Shares of TE Connectivity Ltd. $TEL

UNIVEST FINANCIAL Corp increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,151 shares of the electronics maker’s stock after purchasing an additional 6,369 shares during the quarter. TE Connectivity accounts for 0.7% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 29th largest holding. UNIVEST FINANCIAL Corp’s holdings in TE Connectivity were worth $13,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JNBA Financial Advisors increased its holdings in TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 51 shares during the period. Independence Bank of Kentucky purchased a new position in shares of TE Connectivity in the 3rd quarter valued at about $26,000. Center for Financial Planning Inc. boosted its stake in shares of TE Connectivity by 113.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 126 shares of the electronics maker’s stock valued at $27,000 after buying an additional 67 shares during the period. Bell Investment Advisors Inc grew its position in shares of TE Connectivity by 56.1% during the third quarter. Bell Investment Advisors Inc now owns 128 shares of the electronics maker’s stock worth $27,000 after buying an additional 46 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of TE Connectivity during the second quarter worth about $34,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TEL. Citigroup upped their target price on shares of TE Connectivity from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Fox Advisors downgraded shares of TE Connectivity from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Thursday, October 22nd. Wells Fargo & Company boosted their price target on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. Finally, Jefferies Financial Group dropped their price objective on shares of TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.50.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $219.55 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The firm’s 50 day moving average is $212.98 and its two-hundred day moving average is $212.39. The firm has a market capitalization of $62.95 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.36 and a beta of 1.15.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.07. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the firm earned $2.44 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Research analysts forecast that TE Connectivity Ltd. will post 13.52 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 28.18%.

TE Connectivity Profile

TE Connectivity (NYSE: TEL) designs and manufactures connectivity and sensor solutions used to transmit data, power and signals. Its products include connectors, terminals, relays, antennas and sensors, as well as related components and systems. The company serves customers in industries including automotive, industrial equipment, communications, aerospace and defense, medical technology, and energy. Its products are used in applications ranging from vehicles and factory automation to telecommunications infrastructure and aircraft.