TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,417 shares of the electronics maker’s stock after selling 492 shares during the quarter. Blair William & Co. IL’s holdings in TE Connectivity were worth $7,885,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its stake in shares of TE Connectivity by 23.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,931 shares of the electronics maker’s stock valued at $4,001,000 after purchasing an additional 5,047 shares during the period. Tredje AP fonden lifted its position in shares of TE Connectivity by 3.5% during the 2nd quarter. Tredje AP fonden now owns 238,629 shares of the electronics maker’s stock valued at $35,897,000 after acquiring an additional 8,000 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of TE Connectivity by 15.9% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,234 shares of the electronics maker’s stock worth $787,000 after acquiring an additional 717 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of TE Connectivity by 10.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 77,342 shares of the electronics maker’s stock worth $12,222,000 after acquiring an additional 7,113 shares in the last quarter. Finally, E Fund Management Co. Ltd. increased its stake in TE Connectivity by 37.8% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,556 shares of the electronics maker’s stock valued at $535,000 after purchasing an additional 975 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com started coverage on TE Connectivity in a research report on Saturday. They issued a “buy” rating 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 increased their price target on shares of TE Connectivity from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective for the company. in a research report on Wednesday, July 24th. Finally, Vertical Research began coverage on TE Connectivity in a report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Hold” and an average target price of $158.73.

TE Connectivity Trading Down 0.9 %

Shares of TEL opened at $148.11 on Friday. The stock’s fifty day simple moving average is $149.59 and its 200 day simple moving average is $147.40. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $159.98. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $45.01 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $1.77 EPS. The company’s revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Insider Buying and Selling at TE Connectivity

In other news, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the transaction, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Heath A. Mitts sold 59,700 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were 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 $5,889,893.10. The disclosure for this sale can be found here. Insiders have sold 71,363 shares of company stock valued at $11,042,161 over the last three months. 0.86% of the stock is owned by company insiders.

TE Connectivity Company 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.