Pacer Advisors Inc. Purchases 8,401 Shares of TE Connectivity Ltd. (NYSE:TEL)

Pacer Advisors Inc. boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 31.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,518 shares of the electronics maker’s stock after buying an additional 8,401 shares during the period. Pacer Advisors Inc.’s holdings in TE Connectivity were worth $5,343,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TEL. Price T Rowe Associates Inc. MD boosted its position in shares of TE Connectivity by 54.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock valued at $2,265,218,000 after purchasing an additional 5,526,230 shares in the last quarter. Wellington Management Group LLP grew its position in shares of TE Connectivity by 12.5% during the 4th 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 period. Dimensional Fund Advisors LP increased its stake in shares of TE Connectivity by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,118,636 shares of the electronics maker’s stock valued at $469,113,000 after acquiring an additional 223,842 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of TE Connectivity by 9.3% during the 1st quarter. Pzena Investment Management LLC now owns 2,798,532 shares of the electronics maker’s stock valued at $406,459,000 after acquiring an additional 238,370 shares during the period. Finally, First Pacific Advisors LP boosted its stake 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 acquiring an additional 10,167 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.3 %

Shares of TEL stock opened at $148.49 on Tuesday. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $159.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. The company has a 50-day simple moving average of $149.43 and a two-hundred day simple moving average of $147.53. The company has a market capitalization of $45.47 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last announced 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 firm had revenue of $4 billion for 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 company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 7.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird upped their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Wells Fargo & Company cut their price target on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Vertical Research began coverage on TE Connectivity in a report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 target price on the stock. Finally, StockNews.com assumed coverage on shares of TE Connectivity in a research note on Saturday. They set a “buy” rating for the company. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, TE Connectivity has an average rating of “Hold” and a consensus target price of $158.73.

Insider Activity

In related news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction dated 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 directly owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction dated 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 directly owns 20,556 shares in the company, valued at $3,186,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Heath A. Mitts sold 59,700 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The disclosure for this sale can be found here. Insiders sold a total of 71,363 shares of company stock valued at $11,042,161 in the last ninety days. 0.86% of the stock is currently owned by insiders.

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.