Sunbelt Securities Inc. Raises Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Sunbelt Securities Inc. lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 5,265.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,073 shares of the electronics maker’s stock after purchasing an additional 1,053 shares during the quarter. Sunbelt Securities Inc.’s holdings in TE Connectivity were worth $156,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its holdings in shares of TE Connectivity by 97.8% in 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. increased its stake in TE Connectivity by 112.4% during the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in TE Connectivity during the fourth quarter valued at approximately $30,000. Crewe Advisors LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 190 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 1.2 %

NYSE:TEL 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. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $153.54. The company has a 50-day moving average of $147.72 and a 200 day moving average of $143.15. The firm has a market cap of $46.07 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating 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 business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the business posted $1.65 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, research analysts anticipate that TE Connectivity Ltd. will post 7.5 EPS for the current fiscal year.

Insider Buying and Selling at TE Connectivity

In other 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 value of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were 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 approximately $837,196.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now 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.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price 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. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Robert W. Baird reduced their price target on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. StockNews.com assumed coverage on TE Connectivity in a report on Tuesday. They set a “buy” rating for the company. Finally, Jefferies Financial Group began coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $155.13.

TE Connectivity 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.