TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in TE Connectivity Ltd. (NYSE:TEL) by 51.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,174 shares of the electronics maker’s stock after acquiring an additional 102,899 shares during the quarter. Sei Investments Co. owned 0.10% of TE Connectivity worth $45,305,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TEL. Tower Research Capital LLC TRC grew its holdings in TE Connectivity by 184.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock valued at $6,163,000 after purchasing an additional 28,449 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of TE Connectivity by 17.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock worth $52,456,000 after acquiring an additional 52,824 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of TE Connectivity by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock worth $41,811,000 after acquiring an additional 58,219 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in TE Connectivity by 72.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock valued at $46,537,000 after purchasing an additional 135,548 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in TE Connectivity during the 2nd quarter valued at approximately $15,847,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of several research analyst reports. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research note on Wednesday, July 24th. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. Robert W. Baird boosted their target price on shares of TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company reduced their price target on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Vertical Research started coverage on TE Connectivity in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.73.

Insider Buying and Selling

In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TE Connectivity 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 transaction of $9,235,590.00. Following the completion of the transaction, the chief financial officer now owns 38,073 shares in the company, valued at approximately $5,889,893.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Kyle Stucki sold 8,750 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the completion of the transaction, the insider now directly owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The disclosure for this sale can be found here. Insiders have sold a total of 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 Stock Down 0.9 %

NYSE:TEL opened at $148.11 on Monday. 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 stock has a 50 day moving average of $149.59 and a 200-day moving average of $147.49. The firm has a market capitalization of $45.36 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $159.98.

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

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.