42,358 Shares in TE Connectivity Ltd. (NYSE:TEL) Purchased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 42,358 shares of the electronics maker’s stock, valued at approximately $6,372,000.

Other institutional investors have also made changes to their positions in the company. Salem Investment Counselors Inc. lifted its stake in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 128 shares during the period. Olistico Wealth LLC acquired a new position in shares of TE Connectivity during the 2nd quarter worth $30,000. Bank & Trust Co acquired a new position in shares of TE Connectivity during the 2nd quarter worth $35,000. Finally, Rise Advisors LLC purchased a new stake in shares of TE Connectivity in the 1st quarter worth about $40,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on TEL shares. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Wolfe Research raised shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Wells Fargo & Company lowered their price objective on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com initiated coverage on shares of TE Connectivity in a research report on Saturday. They issued a “buy” rating for the company. Finally, Vertical Research initiated coverage on shares of TE Connectivity in a research report on Tuesday, July 23rd. They set 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.73.

Insiders Place Their Bets

In other news, SVP Robert J. Ott sold 2,913 shares of the firm’s 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 completion of the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The shares were 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 approximately $3,942,663.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the completion of the sale, 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. In the last 90 days, insiders sold 71,363 shares of company stock worth $11,042,161. 0.86% of the stock is currently owned by insiders.

TE Connectivity Price Performance

Shares of TEL opened at $148.11 on Friday. The firm has a market capitalization of $45.36 billion, a PE ratio of 13.55, a PEG ratio of 1.98 and a beta of 1.33. The company’s 50-day moving average is $149.59 and its 200-day moving average is $147.45. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $159.98. 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 (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $4 billion for 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 firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $1.77 EPS. Equities analysts forecast 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.