180 Wealth Advisors LLC Makes New Investment in TE Connectivity Ltd. (NYSE:TEL)

180 Wealth Advisors LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 1,907 shares of the electronics maker’s stock, valued at approximately $277,000.

Other hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC raised its holdings in shares of TE Connectivity by 97.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its holdings 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 purchasing an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $30,000. Finally, Crewe Advisors LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $33,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Wells Fargo & Company decreased their target price 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. StockNews.com started coverage on shares of TE Connectivity in a research note on Tuesday. They issued a “buy” rating for the company. Robert W. Baird decreased 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. Finally, Jefferies Financial Group started 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.13.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $996,655.56. Following the completion of the sale, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity 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 directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

TE Connectivity Trading Up 1.2 %

TEL stock opened at $150.43 on Friday. 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 company has a fifty day moving average price of $147.72 and a two-hundred day moving average price of $143.15. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $153.54. The stock has a market cap of $46.07 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.96 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts anticipate that TE Connectivity Ltd. will post 7.5 EPS for the current year.

About TE Connectivity

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.