Banque Cantonale Vaudoise Cuts Holdings in TE Connectivity Ltd. (NYSE:TEL)

Banque Cantonale Vaudoise reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 41.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,043 shares of the electronics maker’s stock after selling 2,136 shares during the period. Banque Cantonale Vaudoise’s holdings in TE Connectivity were worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. lifted its stake in shares of TE Connectivity by 2.5% in the 4th quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock valued at $433,000 after purchasing an additional 74 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in TE Connectivity by 3.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,479 shares of the electronics maker’s stock worth $348,000 after buying an additional 78 shares during the period. Perpetual Ltd increased its position in TE Connectivity by 4.1% during the first quarter. Perpetual Ltd now owns 1,990 shares of the electronics maker’s stock valued at $289,000 after acquiring an additional 78 shares during the last quarter. Johnson Financial Group Inc. raised its stake in shares of TE Connectivity by 6.3% in the fourth 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 during the period. Finally, Caprock Group LLC lifted its holdings in shares of TE Connectivity by 1.6% in the 4th quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock worth $784,000 after acquiring an additional 88 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Insider Transactions at TE Connectivity

In related news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction dated 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 directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the sale, the director now owns 5,917 shares in the company, valued at $837,196.33. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

TE Connectivity Trading Up 1.0 %

Shares of NYSE TEL opened at $152.00 on Friday. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $152.79. The firm has a market cap of $46.55 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The business has a fifty day simple moving average of $146.91 and a two-hundred day simple moving average of $142.65. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TEL shares. Robert W. Baird cut their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. StockNews.com assumed coverage on TE Connectivity in a research note on Monday, June 17th. They set a “buy” rating on the stock. Jefferies Financial Group started coverage on TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. JPMorgan Chase & Co. cut their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.38.

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.