Teachers Advisors LLC reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 6.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 553,502 shares of the electronics maker’s stock after selling 35,555 shares during the period. Teachers Advisors LLC owned 0.16% of TE Connectivity worth $41,264,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of TEL. Daiwa SB Investments Ltd. bought a new position in shares of TE Connectivity during the first quarter valued at $101,000. Portfolio Solutions LLC acquired a new stake in shares of TE Connectivity during the first quarter valued at about $104,000. Webster Bank N. A. raised its stake in shares of TE Connectivity by 675.0% in the first quarter. Webster Bank N. A. now owns 1,550 shares of the electronics maker’s stock valued at $116,000 after buying an additional 1,350 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in shares of TE Connectivity by 19.7% in the first quarter. Orrstown Financial Services Inc. now owns 1,700 shares of the electronics maker’s stock valued at $127,000 after buying an additional 280 shares in the last quarter. Finally, American Investment Services Inc. acquired a new stake in shares of TE Connectivity during the first quarter valued at about $200,000. Institutional investors own 90.90% of the company’s stock.
Shares of TE Connectivity Ltd. (TEL) traded up 1.64% during trading on Friday, reaching $81.89. The company’s stock had a trading volume of 2,041,961 shares. The company has a 50 day moving average of $79.92 and a 200-day moving average of $76.09. The stock has a market cap of $28.94 billion, a price-to-earnings ratio of 17.39 and a beta of 1.06. TE Connectivity Ltd. has a 12-month low of $57.85 and a 12-month high of $85.20.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.07. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.28 billion. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. Analysts forecast that TE Connectivity Ltd. will post $4.73 EPS for the current year.
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TEL has been the subject of several recent research reports. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Friday, May 12th. Morgan Stanley lifted their price objective on TE Connectivity from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. Cowen and Company restated an “outperform” rating and issued a $95.00 target price (up previously from $90.00) on shares of TE Connectivity in a research note on Monday, June 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $86.00 target price on shares of TE Connectivity in a research note on Tuesday, June 6th. Finally, BidaskClub downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.43.
In other TE Connectivity news, EVP John S. Jenkins sold 14,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $75.70, for a total transaction of $1,059,800.00. Following the transaction, the executive vice president now owns 8,823 shares of the company’s stock, valued at $667,901.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joseph B. Donahue sold 6,600 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $75.57, for a total value of $498,762.00. Following the transaction, the chief operating officer now directly owns 40,909 shares in the company, valued at approximately $3,091,493.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 514,184 shares of company stock worth $40,256,534. Insiders own 1.30% of the company’s stock.
TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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