TE Connectivity Ltd. (NYSE:TEL) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 972,857 shares of the electronics maker’s stock after selling 23,874 shares during the period. DekaBank Deutsche Girozentrale’s holdings in TE Connectivity were worth $138,837,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. grew its stake in TE Connectivity by 25.3% during the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock valued at $41,811,000 after acquiring an additional 58,219 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in TE Connectivity by 17.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock worth $52,456,000 after buying an additional 52,824 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in TE Connectivity by 72.8% during 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. Manning & Napier Advisors LLC purchased a new stake in TE Connectivity in the 2nd quarter valued at $15,847,000. Finally, Headlands Technologies LLC increased its stake in shares of TE Connectivity by 2,037.3% in the 1st quarter. Headlands Technologies LLC now owns 3,612 shares of the electronics maker’s stock worth $525,000 after acquiring an additional 3,443 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Activity

In related news, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the sale, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at $3,942,663.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Heath A. Mitts sold 59,700 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the completion of the transaction, the chief financial officer now directly owns 38,073 shares in the company, valued at approximately $5,889,893.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several recent research reports. Vertical Research assumed coverage on shares of TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price target on the stock. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com started coverage on shares of TE Connectivity in a research report on Wednesday. They set a “buy” rating on the stock. Wells Fargo & Company lowered their price objective on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, September 20th. Finally, Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, TE Connectivity has a consensus rating of “Hold” and an average price target of $161.82.

TE Connectivity Trading Up 1.5 %

Shares of NYSE TEL opened at $149.13 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $45.67 billion, a PE ratio of 13.64, a PEG ratio of 1.89 and a beta of 1.33. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $159.98. The stock has a fifty day simple moving average of $148.02 and a 200-day simple moving average of $148.25.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. TE Connectivity’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 7.56 earnings per share for the current year.

About TE Connectivity

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.