Kentucky Retirement Systems Has $3.47 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Kentucky Retirement Systems lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,076 shares of the electronics maker’s stock after selling 375 shares during the period. Kentucky Retirement Systems’ holdings in TE Connectivity were worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in 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 buying an additional 5,526,230 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $510,015,000 after buying an additional 403,750 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in TE Connectivity by 7.7% during the second 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 boosted its holdings in TE Connectivity by 9.3% during the first quarter. Pzena Investment Management LLC now owns 2,798,532 shares of the electronics maker’s stock worth $406,459,000 after buying an additional 238,370 shares during the last quarter. Finally, First Pacific Advisors LP boosted its holdings in TE Connectivity by 0.4% during the first quarter. First Pacific Advisors LP now owns 2,776,505 shares of the electronics maker’s stock worth $403,260,000 after buying an additional 10,167 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird lifted their price objective on TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Bank of America lifted their price objective on TE Connectivity from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. Finally, HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $158.45.

TE Connectivity Stock Up 2.4 %

NYSE:TEL opened at $149.41 on Friday. The firm has a market capitalization of $45.41 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $159.98. The stock’s 50 day moving average price is $149.74 and its two-hundred day moving average price is $147.36. 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 (NYSE:TEL) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $4 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

Insider Activity at TE Connectivity

In related news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction 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 approximately $3,942,663.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction 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 approximately $3,942,663.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Aaron Kyle Stucki sold 8,750 shares of the company’s stock in a transaction 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 sale, the insider now owns 20,556 shares of the company’s stock, valued at $3,186,180. The disclosure for this sale can be found here. Insiders sold 71,363 shares of company stock worth $11,042,161 in the last ninety days. 0.86% of the stock is owned by company insiders.

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.