Dividend Reporting: $0.37 dividends are now a reality for TE Connectivity Ltd. (NYSE:TEL) shareholders. Here’s why.

Dividend Reporting: $0.37 dividends are now a reality for TE Connectivity Ltd. (NYSE:TEL) shareholders. Here's why.

TE Connectivity Ltd. (NYSE:TEL) is expected to pay $0.37 on Dec 9, 2016. The indicated annual dividend is $1.48. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on TE Connectivity Ltd.’s current price of $66.67, the dividend is 0.55%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 16, 2016. The stock decreased 0.74% or $0.5 on November 18, hitting $66.67. TE Connectivity Ltd (NYSE:TEL) has risen 4.68% since April 19, 2016 and is uptrending. It has outperformed by 0.82% the S&P500.

TE Connectivity Ltd. is a technology company, which creates and makes connectivity and sensors solutions. The company has a market cap of $23.67 billion. The Firm operates through three divisions: Transportation Solutions, Industrial Solutions and Communications Solutions. It has a 12.57 P/E ratio. The Company’s divisions manufacture and distribute its products and solutions to a range of end markets.

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.07, from 0.95 in 2016Q1. The ratio increased, as 45 funds sold all TE Connectivity Ltd shares owned while 174 reduced positions. 56 funds bought stakes while 153 increased positions. They now own 296.27 million shares or 0.53% more from 294.72 million shares in 2016Q1.
Princeton Alpha Management Limited Partnership holds 0.3% or 29,504 shares in its portfolio. Sei Invs Comm has 0.25% invested in the company for 739,863 shares. Boston Common Asset Management Ltd Liability Com has 10,640 shares for 0.03% of their US portfolio. United Serv Automobile Association last reported 0.02% of its portfolio in the stock. First Eagle Lc accumulated 1,500 shares or 0% of the stock. Deutsche Bankshares Ag accumulated 1.22 million shares or 0.05% of the stock. Korea Invest, a Korea-based fund reported 69,500 shares. Oakbrook Limited reported 38,100 shares or 0.12% of all its holdings. Srb holds 0.02% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 2,391 shares. Moreover, Benjamin F Edwards And Com has 0.03% invested in TE Connectivity Ltd (NYSE:TEL) for 2,594 shares. Cwm Ltd Liability accumulated 237 shares or 0% of the stock. Aqr Capital accumulated 749,464 shares or 0.08% of the stock. Cubic Asset Mngmt Ltd Liability Corp has 1.16% invested in the company for 59,951 shares. Gateway Investment Advisers Limited Liability Com reported 346,701 shares or 0.17% of all its holdings. Tcw Grp has invested 0.01% of its portfolio in TE Connectivity Ltd (NYSE:TEL).

Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 16 selling transactions for $37.95 million net activity. The insider SHADDOCK ROBERT N sold 25,000 shares worth $1.68M. O’Toole James had sold 13,925 shares worth $854,995. On Tuesday, August 30 Donahue Joseph B sold $637,778 worth of the stock or 10,000 shares. CURTIN TERRENCE R had sold 1,184 shares worth $78,766 on Thursday, November 10. Shares for $7.89 million were sold by LYNCH THOMAS J. Ott Robert J sold $706,414 worth of stock. On Tuesday, July 26 Jenkins John S sold $735,625 worth of the stock or 12,000 shares.

TE Connectivity Ltd (NYSE:TEL) Ratings Coverage

Out of 7 analysts covering TE Connectivity (NYSE:TEL), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. TE Connectivity has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, July 23 by Stifel Nicolaus. The stock of TE Connectivity Ltd (NYSE:TEL) earned “Hold” rating by Berenberg on Wednesday, March 2. The firm earned “Buy” rating on Friday, September 18 by Goldman Sachs. The company was maintained on Friday, July 1 by RBC Capital Markets. The stock of TE Connectivity Ltd (NYSE:TEL) has “Outperform” rating given on Friday, September 25 by RBC Capital Markets. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, May 9 report. RBC Capital Markets maintained TE Connectivity Ltd (NYSE:TEL) on Thursday, November 3 with “Outperform” rating. Stifel Nicolaus maintained it with “Buy” rating and $68 target price in Thursday, January 21 report. The rating was downgraded by Longbow to “Neutral” on Thursday, January 14. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 15 report.

More recent TE Connectivity Ltd (NYSE:TEL) news were published by: Prnewswire.com which released: “TE Connectivity Recognized as an Innovation Leader in CNBC IQ100 Index” on November 01, 2016. Also Prnewswire.com published the news titled: “TE Connectivity to Report Full Year and Fourth Quarter Financial Results on …” on October 31, 2016. Prnewswire.com‘s news article titled: “TE Connectivity to Participate in 2016 Credit Suisse 20th Annual Technology …” with publication date: November 15, 2016 was also an interesting one.

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