Tredje AP fonden increased its position in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,031 shares of the electronics maker’s stock after acquiring an additional 6,150 shares during the period. Tredje AP fonden owned approximately 0.05% of TE Connectivity worth $21,775,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of TEL. Cibc World Market Inc. grew its holdings in shares of TE Connectivity by 63.8% in the 1st quarter. Cibc World Market Inc. now owns 11,366 shares of the electronics maker’s stock worth $1,489,000 after acquiring an additional 4,427 shares during the period. Cetera Investment Advisers grew its holdings in shares of TE Connectivity by 16.2% in the 1st quarter. Cetera Investment Advisers now owns 25,817 shares of the electronics maker’s stock worth $3,382,000 after acquiring an additional 3,598 shares during the period. Dakota Wealth Management grew its holdings in shares of TE Connectivity by 23.0% in the 1st quarter. Dakota Wealth Management now owns 4,259 shares of the electronics maker’s stock worth $558,000 after acquiring an additional 797 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of TE Connectivity by 108.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,336 shares of the electronics maker’s stock worth $437,000 after acquiring an additional 1,739 shares during the period. Finally, Vanguard Group Inc. lifted its stake in TE Connectivity by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock valued at $3,617,824,000 after buying an additional 308,580 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.
Insider Buying and Selling
In related news, Director Terrence R. Curtin sold 70,721 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $143.02, for a total value of $10,114,517.42. Following the transaction, the director now directly owns 54,969 shares of the company’s stock, valued at approximately $7,861,666.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.80% of the company’s stock.
Analysts Set New Price Targets
TEL has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on TE Connectivity from $132.00 to $137.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Evercore ISI raised TE Connectivity from an “in-line” rating to an “outperform” rating and upped their target price for the company from $130.00 to $150.00 in a research note on Friday, May 5th. Robert W. Baird upped their target price on TE Connectivity from $149.00 to $153.00 in a research note on Thursday, July 27th. StockNews.com raised TE Connectivity from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Finally, Credit Suisse Group upped their target price on TE Connectivity from $138.00 to $150.00 in a research note on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, TE Connectivity presently has an average rating of “Hold” and a consensus target price of $144.33.
TE Connectivity Trading Down 1.4 %
Shares of TEL traded down $1.82 during trading hours on Tuesday, hitting $131.64. The stock had a trading volume of 284,678 shares, compared to its average volume of 1,583,723. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.80. The firm has a market cap of $41.33 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.82 and a beta of 1.33. The company’s fifty day simple moving average is $137.77 and its 200 day simple moving average is $130.14. TE Connectivity Ltd. has a 12-month low of $104.76 and a 12-month high of $146.60.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.11. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.05 billion. TE Connectivity had a return on equity of 19.55% and a net margin of 12.63%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 6.69 EPS for the current fiscal year.
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.