SageView Advisory Group LLC Makes New Investment in TE Connectivity Ltd. (NYSE:TEL)

SageView Advisory Group LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,876 shares of the electronics maker’s stock, valued at approximately $273,000.

Several other large investors have also made changes to their positions in TEL. JFS Wealth Advisors LLC grew its stake in 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 buying an additional 91 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 190 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in TE Connectivity in the 4th quarter valued at $30,000. Crewe Advisors LLC acquired a new position in TE Connectivity in the fourth quarter worth $33,000. Finally, Sachetta LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $34,000. Institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TEL shares. JPMorgan Chase & Co. reduced their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Jefferies Financial Group assumed coverage on TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. Robert W. Baird lowered their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, StockNews.com started coverage on shares of TE Connectivity in a research report on Monday. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average price target of $154.38.

Insider Activity at TE Connectivity

In other TE Connectivity 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 sale, the director now directly 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 accessible through this link. In other news, 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 sale, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

TE Connectivity Trading Down 0.4 %

TEL opened at $150.53 on Friday. The firm’s fifty day moving average is $146.73 and its two-hundred day moving average is $142.41. The firm has a market cap of $46.10 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.35. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $152.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping 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 business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the business posted $1.65 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that TE Connectivity Ltd. will post 7.5 EPS for the current 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.