TE Connectivity Ltd. (NYSE:TEL) Stock Position Lifted by Tredje AP fonden

Tredje AP fonden boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,629 shares of the electronics maker’s stock after buying an additional 8,000 shares during the quarter. Tredje AP fonden owned approximately 0.08% of TE Connectivity worth $35,897,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of TE Connectivity by 184.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock worth $6,163,000 after acquiring an additional 28,449 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of TE Connectivity by 17.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock valued at $52,456,000 after buying an additional 52,824 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of TE Connectivity by 25.3% in the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock valued at $41,811,000 after buying an additional 58,219 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in TE Connectivity by 72.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after buying an additional 135,548 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in TE Connectivity during the second quarter valued at approximately $15,847,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Up 1.3 %

Shares of NYSE:TEL opened at $147.78 on Wednesday. The company has a 50 day moving average price of $150.00 and a two-hundred day moving average price of $147.36. The company has a market capitalization of $45.25 billion, a PE ratio of 13.52, a PEG ratio of 1.96 and a beta of 1.33. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $159.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TEL shares. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a research note on Wednesday, July 24th. Vertical Research initiated coverage on shares of TE Connectivity in a report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $158.45.

Insider Buying and Selling

In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now owns 25,504 shares in the company, valued at approximately $3,942,663.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now directly owns 25,504 shares in the company, valued at approximately $3,942,663.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aaron Kyle Stucki sold 8,750 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the sale, the insider now owns 20,556 shares in the company, valued at approximately $3,186,180. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,363 shares of company stock valued at $11,042,161. Company insiders own 0.86% of the company’s stock.

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.