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

Robeco Institutional Asset Management B.V. lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,550 shares of the electronics maker's stock after acquiring an additional 21,569 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in TE Connectivity were worth $22,430,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of TE Connectivity by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 221,089 shares of the electronics maker's stock worth $33,382,000 after acquiring an additional 6,666 shares during the period. Janney Capital Management LLC raised its holdings in TE Connectivity by 12.9% in the third quarter. Janney Capital Management LLC now owns 2,041 shares of the electronics maker's stock valued at $308,000 after buying an additional 233 shares during the period. Optas LLC raised its holdings in TE Connectivity by 4.2% in the third quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock valued at $268,000 after buying an additional 71 shares during the period. Farther Finance Advisors LLC raised its holdings in TE Connectivity by 20.9% in the third quarter. Farther Finance Advisors LLC now owns 1,611 shares of the electronics maker's stock valued at $243,000 after buying an additional 278 shares during the period. Finally, Catalyst Financial Partners LLC raised its holdings in TE Connectivity by 24.8% in the third quarter. Catalyst Financial Partners LLC now owns 2,332 shares of the electronics maker's stock valued at $352,000 after buying an additional 463 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on TEL shares. Vertical Research started coverage on shares of TE Connectivity in a report on Tuesday, July 23rd. They issued a "hold" rating and a $155.00 price target on the stock. Hsbc Global Res lowered shares of TE Connectivity from a "hold" rating to a "moderate sell" rating in a report on Thursday, October 31st. Robert W. Baird raised their price target on shares of TE Connectivity from $162.00 to $170.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. HSBC lowered shares of TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 price objective on the stock. in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on shares of TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, TE Connectivity currently has an average rating of "Hold" and a consensus target price of $159.55.

TE Connectivity Stock Up 3.8 %

Shares of NYSE:TEL traded up $5.60 during midday trading on Wednesday, reaching $154.74. The company had a trading volume of 2,124,957 shares, compared to its average volume of 1,844,482. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The stock's fifty day moving average price is $147.90 and its 200-day moving average price is $148.71. The stock has a market capitalization of $47.03 billion, a P/E ratio of 15.07, a PEG ratio of 2.04 and a beta of 1.33. TE Connectivity Ltd. has a one year low of $123.79 and a one year high of $159.98.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.95. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The business's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Equities research analysts expect that TE Connectivity Ltd. will post 8.14 earnings per share for the current fiscal year.

TE Connectivity declared that its board has approved a share repurchase program on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.