TE Connectivity Ltd. (NYSE:TEL) Stock Position Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,572 shares of the electronics maker’s stock after selling 151 shares during the period. Park Avenue Securities LLC’s holdings in TE Connectivity were worth $664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TEL. International Assets Investment Management LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $10,759,000. Nordea Investment Management AB raised its position in shares of TE Connectivity by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock worth $114,430,000 after purchasing an additional 41,198 shares during the period. SG Americas Securities LLC lifted its holdings in shares of TE Connectivity by 518.3% during the fourth quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock valued at $21,876,000 after purchasing an additional 130,515 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of TE Connectivity by 184.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock valued at $6,163,000 after purchasing an additional 28,449 shares during the period. Finally, Patten Group Inc. purchased a new position in TE Connectivity in the 4th quarter worth about $220,000. 91.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on TEL shares. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. StockNews.com began coverage on TE Connectivity in a report on Tuesday. They issued a “buy” rating for the company. Wells Fargo & Company lowered their price target on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday. Jefferies Financial Group initiated coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price objective for the company. Finally, Robert W. Baird lowered their target price on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $155.13.

TE Connectivity Stock Up 0.6 %

TEL opened at $148.71 on Friday. The company has a market capitalization of $45.54 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $153.54. The business has a 50-day moving average of $147.36 and a 200-day moving average of $143.01.

TE Connectivity (NYSE:TEL) last issued 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. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 earnings per share. Equities research analysts forecast that TE Connectivity Ltd. will post 7.5 EPS for the current fiscal year.

Insider Buying and Selling

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