TE Connectivity Ltd. shows mixed performance compared to market and competitors. Several asset and wealth management firms including Oppenheimer, Nuance Investments, First Pacific Advisors increased their holdings while American Century, Royal London Management, Rothschild Investment sold theirs. Insiders also sold $6.8m worth of TEL, signaling caution. Bullish predictions are seen with EPS growth earning interest, potential organic growth acceleration, an intent to change the place of incorporation from Switzerland to Ireland, and an upcoming larger dividend than the previous year. However, the company has been underperforming lately and there are suggestions of hesitancy among insiders. Meanwhile, TE Connectivity announced pricing of $350m 4.625% senior notes offering and $1.5 billion share repurchase in addition to a recommendation to raise annualized dividend by 10% to $2.60 per share. Despite the rocky performance, investors who took a position five years ago are up 72%. Its most recent acquisitions include the majority share of First Sensor AG, AdvancedCath, and Measurement Specialities, Inc. and complete acquisition of the Creganna Medical Group.
Te Connectivity Ltd TEL News Analytics from Wed, 18 Jun 2014 07:00:00 GMT to Sun, 15 Sep 2024 11:28:30 GMT - Rating 1 - Innovation -2 - Information 6 - Rumor -7
