TE Connectivity Ltd. (NYSE:TEL) Stake Increased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,234 shares of the electronics maker’s stock after acquiring an additional 717 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in TE Connectivity were worth $787,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of TE Connectivity by 54.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock worth $2,265,218,000 after purchasing an additional 5,526,230 shares during the last quarter. Wellington Management Group LLP raised its stake in TE Connectivity by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker’s stock valued at $510,015,000 after buying an additional 403,750 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in TE Connectivity by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,118,636 shares of the electronics maker’s stock worth $469,113,000 after buying an additional 223,842 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of TE Connectivity by 9.3% in the 1st quarter. Pzena Investment Management LLC now owns 2,798,532 shares of the electronics maker’s stock worth $406,459,000 after acquiring an additional 238,370 shares in the last quarter. Finally, First Pacific Advisors LP increased its holdings in shares of TE Connectivity by 0.4% in the 1st quarter. First Pacific Advisors LP now owns 2,776,505 shares of the electronics maker’s stock valued at $403,260,000 after acquiring an additional 10,167 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Activity

In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction that occurred on 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 directly owns 25,504 shares in the company, valued at $3,942,663.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 approximately $3,186,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The disclosure for this sale can be found here. Insiders sold 71,363 shares of company stock worth $11,042,161 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wolfe Research raised shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com started coverage on TE Connectivity in a research note on Saturday. They issued a “buy” rating for the company. Finally, Wells Fargo & Company dropped their price target on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $158.73.

TE Connectivity Stock Down 0.9 %

Shares of TE Connectivity stock opened at $148.11 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $159.98. The business’s fifty day moving average price is $149.59 and its two-hundred day moving average price is $147.40. The company has a market capitalization of $45.01 billion, a P/E ratio of 13.55, a PEG ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted 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. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. As a group, research analysts forecast that TE Connectivity Ltd. will post 7.57 EPS for the current year.

About TE Connectivity

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.