TE Connectivity Ltd. (NYSE:TEL) Position Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,098 shares of the electronics maker’s stock after selling 5,325 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in TE Connectivity were worth $90,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in TE Connectivity by 2.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,632,809 shares of the electronics maker’s stock worth $650,910,000 after buying an additional 111,340 shares during the last quarter. Invesco Ltd. raised its holdings in shares of TE Connectivity by 3.5% during the 3rd quarter. Invesco Ltd. now owns 4,572,117 shares of the electronics maker’s stock valued at $564,794,000 after purchasing an additional 154,496 shares in the last quarter. Impax Asset Management Group plc lifted its stake in shares of TE Connectivity by 1.4% in the 4th quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock valued at $529,798,000 after purchasing an additional 51,866 shares during the last quarter. Morgan Stanley boosted its holdings in TE Connectivity by 11.7% in the third quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock worth $461,872,000 after purchasing an additional 390,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in TE Connectivity by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,835,064 shares of the electronics maker’s stock worth $398,342,000 after buying an additional 343,205 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Up 0.6 %

NYSE TEL opened at $150.87 on Friday. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $152.79. The stock has a market cap of $46.20 billion, a PE ratio of 13.80, a PEG ratio of 2.23 and a beta of 1.36. The firm has a 50-day simple moving average of $144.53 and a 200 day simple moving average of $139.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.65 EPS. On average, research analysts forecast that TE Connectivity Ltd. will post 7.5 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, February 21st. TE Connectivity’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TEL shares. Robert W. Baird decreased their price target on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Jefferies Financial Group assumed coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com began coverage on shares of TE Connectivity in a research report on Friday. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $153.89.

Insider Activity

In related news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

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.