Founders Financial Securities LLC Has $310,000 Position in TE Connectivity Ltd. (NYSE:TEL)

Founders Financial Securities LLC increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 24.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,136 shares of the electronics maker’s stock after acquiring an additional 413 shares during the quarter. Founders Financial Securities LLC’s holdings in TE Connectivity were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $693,985,000. Massachusetts Financial Services Co. MA boosted its stake in TE Connectivity by 2.5% in the 4th 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 during the period. Impax Asset Management Group plc boosted its stake in TE Connectivity by 1.4% in the 4th 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 during the period. Morgan Stanley boosted its stake in TE Connectivity by 11.7% in the 3rd 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 during the period. Finally, Wellington Management Group LLP boosted its stake in TE Connectivity by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker’s stock valued at $510,015,000 after purchasing an additional 403,750 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEL has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target 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. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Wells Fargo & Company cut their target price on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird cut their target price 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 TE Connectivity in a research report on Tuesday, June 25th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.13.

TE Connectivity Price Performance

TE Connectivity stock opened at $150.43 on Monday. 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 Ltd. has a 52 week low of $115.00 and a 52 week high of $153.54. The stock has a market capitalization of $46.07 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. The stock has a fifty day moving average of $147.72 and a 200-day moving average of $143.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results 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 return on equity of 18.80% and a net margin of 21.63%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. TE Connectivity’s revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts expect that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the company’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 completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the company’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 completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of the company’s 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 completion of the transaction, 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 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.