Integrated Advisors Network LLC Sells 163 Shares of TE Connectivity Ltd. (NYSE:TEL)

Integrated Advisors Network LLC cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 5.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,871 shares of the electronics maker’s stock after selling 163 shares during the period. Integrated Advisors Network LLC’s holdings in TE Connectivity were worth $403,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Lee Danner & Bass Inc. grew its stake in shares of TE Connectivity by 2.5% in the fourth quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock worth $433,000 after purchasing an additional 74 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its position in TE Connectivity by 3.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 2,479 shares of the electronics maker’s stock valued at $348,000 after acquiring an additional 78 shares in the last quarter. Vista Investment Management boosted its position in TE Connectivity by 0.7% during the 3rd quarter. Vista Investment Management now owns 11,970 shares of the electronics maker’s stock valued at $1,479,000 after acquiring an additional 84 shares in the last quarter. Johnson Financial Group Inc. boosted its position in TE Connectivity by 6.3% during the 4th quarter. Johnson Financial Group Inc. now owns 1,447 shares of the electronics maker’s stock valued at $203,000 after acquiring an additional 86 shares in the last quarter. Finally, Bison Wealth LLC boosted its position in TE Connectivity by 1.4% during the 3rd quarter. Bison Wealth LLC now owns 6,576 shares of the electronics maker’s stock valued at $812,000 after acquiring an additional 88 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com began coverage on TE Connectivity in a research report on Monday. They set a “buy” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Jefferies Financial Group began coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. Robert W. Baird lowered their target price on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $153.89.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

TE Connectivity Trading Up 0.7 %

NYSE:TEL opened at $151.18 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $152.79. The company has a market cap of $46.30 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.35. The company has a 50 day simple moving average of $146.53 and a two-hundred day simple moving average of $142.29.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. Research analysts forecast that TE Connectivity Ltd. will post 7.5 earnings per share for the current year.

TE Connectivity Company 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.