TE Connectivity Ltd. (NYSE:TEL) Stock Position Raised by Savant Capital LLC

Savant Capital LLC boosted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,155 shares of the electronics maker’s stock after acquiring an additional 865 shares during the period. Savant Capital LLC’s holdings in TE Connectivity were worth $2,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in TE Connectivity by 184.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock valued at $6,163,000 after purchasing an additional 28,449 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of 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 valued at $52,456,000 after acquiring an additional 52,824 shares during the period. Russell Investments Group Ltd. grew its position in shares of TE Connectivity by 25.3% during the first quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock worth $41,811,000 after acquiring an additional 58,219 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of TE Connectivity by 72.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after acquiring an additional 135,548 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in TE Connectivity in the 2nd quarter valued at about $15,847,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TEL. Wells Fargo & Company dropped their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. StockNews.com started coverage on TE Connectivity in a research report on Thursday, September 5th. They set a “buy” rating for the company. HSBC cut shares of 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. Finally, Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.45.

TE Connectivity Stock Performance

Shares of TEL opened at $144.82 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. The firm’s 50 day moving average is $150.51 and its 200-day moving average is $147.27. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $159.98. The stock has a market capitalization of $44.01 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.95 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted 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 net margin of 21.94% and a return on equity of 18.53%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business posted $1.77 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that TE Connectivity Ltd. will post 7.57 EPS for the current fiscal year.

Insider Transactions at TE Connectivity

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