Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.08 Million Position in TE Connectivity Ltd. (TEL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,376 shares of the electronics maker’s stock after purchasing an additional 21 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TE Connectivity were worth $2,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in TEL. Guardian Life Insurance Co. of America increased its stake in shares of TE Connectivity by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock valued at $102,000 after purchasing an additional 9 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of TE Connectivity by 17.8% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 200 shares in the last quarter. First Command Bank increased its stake in shares of TE Connectivity by 19.6% in the 2nd quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock valued at $106,000 after purchasing an additional 221 shares in the last quarter. Orrstown Financial Services Inc. increased its stake in shares of TE Connectivity by 7.9% in the 2nd quarter. Orrstown Financial Services Inc. now owns 1,835 shares of the electronics maker’s stock valued at $144,000 after purchasing an additional 135 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of TE Connectivity by 2.2% in the 1st quarter. Parallel Advisors LLC now owns 1,996 shares of the electronics maker’s stock valued at $150,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Shares of TE Connectivity Ltd. (NYSE TEL) traded up 0.90% on Friday, hitting $82.01. The stock had a trading volume of 898,028 shares. The stock has a market cap of $28.98 billion, a PE ratio of 17.41 and a beta of 1.05. TE Connectivity Ltd. has a one year low of $60.59 and a one year high of $85.20. The company’s 50 day moving average is $79.57 and its 200 day moving average is $77.52.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.07. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that TE Connectivity Ltd. will post $4.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $0.40 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.

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Several equities research analysts recently issued reports on the company. BidaskClub cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and issued a $95.00 price objective on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research cut TE Connectivity from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $86.00 price objective on shares of TE Connectivity in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. TE Connectivity has an average rating of “Hold” and a consensus target price of $83.43.

In other news, insider Thomas J. Lynch sold 186,033 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $79.29, for a total value of $14,750,556.57. Following the sale, the insider now directly owns 298,851 shares in the company, valued at $23,695,895.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas J. Lynch sold 186,034 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $78.65, for a total transaction of $14,631,574.10. Following the completion of the sale, the insider now owns 504,885 shares in the company, valued at $39,709,205.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 749,165 shares of company stock valued at $59,522,187. 1.30% of the stock is currently owned by corporate insiders.

TE Connectivity 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.

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

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