TE Connectivity Ltd. $TEL Stock: MBL Wealth LLC Grows Holdings

MBL Wealth LLC increased its position in TE Connectivity Ltd. (NYSE:TEL) by 328.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,791 shares of the electronics maker’s stock after buying an additional 3,674 shares during the quarter. MBL Wealth LLC’s holdings in TE Connectivity were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JNBA Financial Advisors grew its position in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in TE Connectivity during the second quarter worth about $34,000. Fortitude Family Office LLC raised its holdings in shares of TE Connectivity by 43.5% in the 3rd quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 64 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of TE Connectivity in the 2nd quarter worth about $48,000. Finally, Brown Lisle Cummings Inc. raised its holdings in shares of TE Connectivity by 106.1% in the 1st quarter. Brown Lisle Cummings Inc. now owns 272 shares of the electronics maker’s stock worth $57,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TEL shares. Jefferies Financial Group reduced their price objective on TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. dropped their target price on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th. HSBC cut their price target on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. The Goldman Sachs Group lifted their price target on shares of TE Connectivity from $284.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Finally, Robert W. Baird lifted 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. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and an average price target of $258.07.

TE Connectivity Stock Down 0.3%

Shares of NYSE TEL opened at $207.84 on Friday. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The company has a market cap of $60.17 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.23 and a beta of 1.14. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $209.83 and a 200 day moving average price of $210.46.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. Research analysts anticipate that TE Connectivity Ltd. will post 11.46 EPS for the current fiscal 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 paid a $0.78 dividend. The ex-dividend date is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

TE Connectivity Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.