TE Connectivity Ltd (TEL) Shares Sold by Bank of Hawaii

Bank of Hawaii trimmed its stake in shares of TE Connectivity Ltd (NYSE:TEL) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,183 shares of the electronics maker’s stock after selling 737 shares during the period. Bank of Hawaii’s holdings in TE Connectivity were worth $1,007,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dean Capital Investments Management LLC grew its position in TE Connectivity by 214.2% in the second quarter. Dean Capital Investments Management LLC now owns 8,494 shares of the electronics maker’s stock valued at $765,000 after purchasing an additional 5,791 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in TE Connectivity by 6.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 624,972 shares of the electronics maker’s stock valued at $56,285,000 after purchasing an additional 36,378 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in TE Connectivity by 5.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,363,957 shares of the electronics maker’s stock valued at $122,834,000 after purchasing an additional 68,735 shares in the last quarter. Financial Counselors Inc. grew its position in TE Connectivity by 0.9% in the second quarter. Financial Counselors Inc. now owns 93,913 shares of the electronics maker’s stock valued at $8,458,000 after purchasing an additional 855 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in TE Connectivity in the second quarter valued at $3,301,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

TEL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Thursday, June 28th. Wells Fargo & Co decreased their target price on shares of TE Connectivity from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, July 17th. Finally, Morgan Stanley decreased their target price on shares of TE Connectivity from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. TE Connectivity presently has a consensus rating of “Buy” and a consensus price target of $112.91.

Shares of TEL traded up $0.31 during midday trading on Friday, reaching $91.68. The stock had a trading volume of 2,220,000 shares, compared to its average volume of 1,736,149. TE Connectivity Ltd has a one year low of $77.16 and a one year high of $108.23. The company has a market cap of $32.23 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.98.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 25th. The electronics maker reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. TE Connectivity had a net margin of 9.26% and a return on equity of 20.33%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. analysts expect that TE Connectivity Ltd will post 5.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 24th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 23rd. TE Connectivity’s dividend payout ratio (DPR) is presently 36.44%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia?Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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