Huntington National Bank Has $355,000 Stock Holdings in TE Connectivity Ltd (NYSE:TEL)

Huntington National Bank lessened its position in TE Connectivity Ltd (NYSE:TEL) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,808 shares of the electronics maker’s stock after selling 712 shares during the period. Huntington National Bank’s holdings in TE Connectivity were worth $355,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in TE Connectivity by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 25,331,319 shares of the electronics maker’s stock worth $2,426,234,000 after buying an additional 86,271 shares in the last quarter. BlackRock Inc. lifted its position in TE Connectivity by 4.3% during the 2nd quarter. BlackRock Inc. now owns 16,809,367 shares of the electronics maker’s stock worth $1,610,001,000 after buying an additional 698,506 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in TE Connectivity by 7.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,659,858 shares of the electronics maker’s stock worth $1,404,121,000 after buying an additional 953,793 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in TE Connectivity by 3.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,214,811 shares of the electronics maker’s stock worth $786,815,000 after buying an additional 310,824 shares in the last quarter. Finally, Boston Partners lifted its position in TE Connectivity by 4.6% during the 2nd quarter. Boston Partners now owns 5,526,768 shares of the electronics maker’s stock worth $529,303,000 after buying an additional 241,616 shares in the last quarter. Institutional investors own 90.04% of the company’s stock.

TEL has been the topic of several research reports. ValuEngine upgraded shares of TE Connectivity from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Co downgraded shares of TE Connectivity from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 25th. Cross Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Citigroup downgraded shares of TE Connectivity from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $95.00 in a research report on Wednesday, October 9th. Finally, Wolfe Research initiated coverage on shares of TE Connectivity in a research report on Tuesday, October 8th. They set a “market perform” rating and a $91.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $93.07.

In other TE Connectivity news, insider Steven T. Merkt sold 5,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $89.02, for a total transaction of $445,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John S. Jenkins sold 38,050 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $91.18, for a total value of $3,469,399.00. Following the sale, the executive vice president now directly owns 65,515 shares of the company’s stock, valued at $5,973,657.70. The disclosure for this sale can be found here. Insiders have sold a total of 65,450 shares of company stock valued at $5,975,523 over the last three months. Company insiders own 0.80% of the company’s stock.

NYSE:TEL traded down $0.11 on Friday, hitting $93.90. 858,722 shares of the stock were exchanged, compared to its average volume of 1,461,566. The stock has a market capitalization of $31.77 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.73 and a beta of 1.15. TE Connectivity Ltd has a 52 week low of $69.84 and a 52 week high of $97.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.57. The company’s 50-day moving average price is $92.00 and its 200 day moving average price is $91.70.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.02. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.27 billion. TE Connectivity had a return on equity of 18.20% and a net margin of 13.71%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 EPS. As a group, equities research analysts predict that TE Connectivity Ltd will post 5.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.84 annualized dividend and a yield of 1.96%. TE Connectivity’s dividend payout ratio is currently 33.15%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. 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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