Integrated Advisors Network LLC Sells 163 Shares of TE Connectivity Ltd. (NYSE:TEL)

Integrated Advisors Network LLC trimmed its stake in TE Connectivity Ltd. (NYSE:TEL) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,871 shares of the electronics maker’s stock after selling 163 shares during the quarter. Integrated Advisors Network LLC’s holdings in TE Connectivity were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in TE Connectivity in the fourth quarter valued at approximately $693,985,000. Massachusetts Financial Services Co. MA grew its stake in TE Connectivity by 2.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,632,809 shares of the electronics maker’s stock valued at $650,910,000 after purchasing an additional 111,340 shares in the last quarter. Impax Asset Management Group plc grew its stake in TE Connectivity by 1.4% in the fourth quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock valued at $529,798,000 after purchasing an additional 51,866 shares in the last quarter. Morgan Stanley grew its stake in TE Connectivity by 11.7% in the third quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock valued at $461,872,000 after purchasing an additional 390,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in TE Connectivity by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,835,064 shares of the electronics maker’s stock valued at $398,342,000 after purchasing an additional 343,205 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on TEL shares. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Robert W. Baird reduced their target price on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. StockNews.com started coverage on TE Connectivity in a research note on Monday. They set a “buy” rating for the company. 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 research note on Thursday, April 25th. Finally, Jefferies Financial Group began coverage on TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.89.

Insider Activity

In other news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction on 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 in the company, valued at approximately $837,196.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $837,196.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 5,000 shares of the business’s 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 approximately $3,892,763.36. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $151.18 on Wednesday. The stock has a market capitalization of $46.30 billion, a PE ratio of 13.83, a P/E/G ratio of 2.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. The business has a fifty day moving average price of $146.53 and a two-hundred day moving average price of $142.29. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $152.79.

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

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.