Mercer Global Advisors Inc. ADV Buys 7,113 Shares of TE Connectivity Ltd. (NYSE:TEL)

Mercer Global Advisors Inc. ADV increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,342 shares of the electronics maker’s stock after buying an additional 7,113 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in TE Connectivity were worth $12,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of TE Connectivity by 54.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock valued at $2,265,218,000 after acquiring an additional 5,526,230 shares in the last quarter. First Trust Advisors LP boosted its holdings in TE Connectivity by 150.9% during the fourth quarter. First Trust Advisors LP now owns 2,143,423 shares of the electronics maker’s stock valued at $301,151,000 after purchasing an additional 1,289,230 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of 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. Los Angeles Capital Management LLC lifted its position in shares of TE Connectivity by 698.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 305,610 shares of the electronics maker’s stock worth $44,387,000 after buying an additional 267,350 shares during the period. Finally, Axiom Investors LLC DE boosted its stake in TE Connectivity by 37.0% in the 4th quarter. Axiom Investors LLC DE now owns 898,598 shares of the electronics maker’s stock valued at $126,253,000 after buying an additional 242,492 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Up 2.4 %

NYSE:TEL opened at $149.41 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $159.98. The stock’s fifty day simple moving average is $149.74 and its 200-day simple moving average is $147.36. The firm has a market capitalization of $45.41 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, topping 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 quarter last year, the firm earned $1.77 EPS. TE Connectivity’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts expect that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TEL shares. Vertical Research assumed coverage on TE Connectivity in a report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price objective for the company. Wolfe Research upgraded shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Bank of America raised their price objective on shares of TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Robert W. Baird boosted their target price on TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a report on Wednesday, July 24th. 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $158.45.

Insider Activity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at $3,186,180. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares of the company’s stock, valued at $3,186,180. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The disclosure for this sale can be found here. Insiders sold 71,363 shares of company stock valued at $11,042,161 in the last quarter. 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.