TE Connectivity Ltd. $TEL Shares Bought by Brighton Jones LLC

Brighton Jones LLC lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 39.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,018 shares of the electronics maker’s stock after purchasing an additional 3,132 shares during the period. Brighton Jones LLC’s holdings in TE Connectivity were worth $2,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TEL. JNBA Financial Advisors boosted its position in shares of TE Connectivity by 67.1% in the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Independence Bank of Kentucky acquired a new position in TE Connectivity during the third quarter worth approximately $26,000. Center for Financial Planning Inc. increased its position in TE Connectivity by 113.6% during the third quarter. Center for Financial Planning Inc. now owns 126 shares of the electronics maker’s stock worth $27,000 after buying an additional 67 shares during the period. Bell Investment Advisors Inc increased its position in 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 during the period. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in TE Connectivity in the second quarter valued at approximately $34,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

NYSE TEL opened at $218.85 on Tuesday. The firm has a market cap of $63.36 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.39 and a beta of 1.15. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The business’s 50-day moving average price is $212.49 and its 200 day moving average price is $212.48. 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 (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 EPS for the quarter, beating the consensus estimate of $3.07 by $0.07. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the business earned $2.44 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts expect that TE Connectivity Ltd. will post 13.43 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity’s payout ratio is presently 28.18%.

Analyst Ratings Changes

TEL has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on TE Connectivity from $260.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, July 16th. Wall Street Zen cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein began coverage on shares of TE Connectivity in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $243.00 target price on the stock. Robert W. Baird upped their price target on shares of TE Connectivity from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. Finally, Fox Advisors cut shares of TE Connectivity from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 2nd. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $255.50.

About TE Connectivity

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.

TE Connectivity operates internationally and traces its history to Tyco Electronics, which became an independent company following its separation from Tyco International in 2007.