Brookstone Capital Management Purchases 132 Shares of TE Connectivity Ltd. (NYSE:TEL)

Brookstone Capital Management boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,199 shares of the electronics maker’s stock after purchasing an additional 132 shares during the period. Brookstone Capital Management’s holdings in TE Connectivity were worth $319,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its stake in shares of TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after buying an additional 91 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of TE Connectivity by 112.4% during the 1st 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. Bruce G. Allen Investments LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth about $30,000. Crewe Advisors LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth about $33,000. Finally, Sachetta LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth about $34,000. Institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. StockNews.com initiated coverage on shares of TE Connectivity in a research note on Tuesday, June 25th. They issued a “buy” rating for the company. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Finally, Robert W. Baird cut their target price on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.13.

TE Connectivity Trading Down 1.3 %

Shares of TEL stock opened at $148.47 on Tuesday. The firm has a 50 day moving average price of $147.72 and a two-hundred day moving average price of $143.24. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $45.47 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $153.54.

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

Insider Transactions at TE Connectivity

In other news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares in the company, 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.