Ballentine Partners LLC Has $658,000 Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Ballentine Partners LLC boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 29.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,532 shares of the electronics maker’s stock after buying an additional 1,036 shares during the period. Ballentine Partners LLC’s holdings in TE Connectivity were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TEL. JFS Wealth Advisors LLC raised its position in shares of TE Connectivity by 97.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. raised its holdings in TE Connectivity by 112.4% during the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of TE Connectivity by 358.5% in the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after buying an additional 190 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of TE Connectivity during the fourth quarter valued at about $30,000. Finally, Crewe Advisors LLC acquired a new stake in shares of TE Connectivity in the 4th quarter worth about $33,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Stock Performance

NYSE TEL traded up $0.96 on Monday, hitting $152.96. 177,705 shares of the stock traded hands, compared to its average volume of 1,975,115. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The business’s fifty day moving average is $146.91 and its two-hundred day moving average is $142.73. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $153.30. The firm has a market capitalization of $46.84 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 2.22 and a beta of 1.35.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 7.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TEL has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Robert W. Baird cut their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target on the stock. StockNews.com began coverage on shares of TE Connectivity in a research report on Monday, June 17th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus target price of $154.38.

Insider Buying and Selling at TE Connectivity

In related news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the sale, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the transaction, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The disclosure for this sale can be found here. 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.