TE Connectivity Ltd. (NYSE:TEL) Stock Holdings Lessened by Waterloo Capital L.P.

Waterloo Capital L.P. lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,580 shares of the electronics maker’s stock after selling 159 shares during the quarter. Waterloo Capital L.P.’s holdings in TE Connectivity were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. Coldstream Capital Management Inc. boosted its position in TE Connectivity by 44.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,986 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 1,542 shares during the last quarter. Sachetta LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $34,000. D.A. Davidson & CO. raised its position in TE Connectivity by 2.8% during the fourth quarter. D.A. Davidson & CO. now owns 17,070 shares of the electronics maker’s stock valued at $2,398,000 after acquiring an additional 466 shares in the last quarter. Assetmark Inc. grew its position in TE Connectivity by 39.1% in the fourth quarter. Assetmark Inc. now owns 11,135 shares of the electronics maker’s stock worth $1,564,000 after acquiring an additional 3,130 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd raised its holdings in shares of TE Connectivity by 60.4% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 13,282 shares of the electronics maker’s stock valued at $1,866,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Down 1.3 %

Shares of TEL stock opened at $145.92 on Thursday. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $159.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. The stock has a fifty day moving average price of $149.85 and a 200 day moving average price of $147.35. The stock has a market cap of $44.35 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $1.77 EPS. The firm’s revenue was up .1% on a year-over-year basis. Analysts predict that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial increased their target price on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Bank of America upped their target price on TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. StockNews.com initiated coverage on shares of TE Connectivity in a research note on Friday, September 13th. They issued a “buy” rating for the company. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Finally, Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and a consensus target price of $158.45.

Insider Activity

In related news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the sale, the chief financial officer now owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the completion of the transaction, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,363 shares of company stock worth $11,042,161. Company 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.