Wealth Enhancement Advisory Services LLC Buys 4,272 Shares of TE Connectivity Ltd. (NYSE:TEL)

Wealth Enhancement Advisory Services LLC increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 19.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,053 shares of the electronics maker’s stock after acquiring an additional 4,272 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TE Connectivity were worth $3,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TEL. Norges Bank bought a new position in shares of TE Connectivity in the fourth quarter worth approximately $693,985,000. Massachusetts Financial Services Co. MA raised its stake in shares of TE Connectivity by 2.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,632,809 shares of the electronics maker’s stock valued at $650,910,000 after acquiring an additional 111,340 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of TE Connectivity by 1.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock valued at $529,798,000 after acquiring an additional 51,866 shares during the last quarter. Morgan Stanley boosted its holdings in shares of TE Connectivity by 11.7% during the third quarter. Morgan Stanley now owns 3,738,943 shares of the electronics maker’s stock worth $461,872,000 after purchasing an additional 390,723 shares during the period. Finally, Wellington Management Group LLP increased its holdings in 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 valued at $510,015,000 after purchasing an additional 403,750 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TEL shares. Robert W. Baird dropped their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target on the stock. StockNews.com assumed coverage on shares of TE Connectivity in a report on Wednesday. They issued a “buy” rating for the company. JPMorgan Chase & Co. cut their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average target price of $155.13.

TE Connectivity Stock Performance

TE Connectivity stock opened at $149.94 on Wednesday. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $153.54. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $45.92 billion, a P/E ratio of 13.72, a PEG ratio of 2.22 and a beta of 1.33. The stock’s 50 day moving average is $147.82 and its 200 day moving average is $143.27.

TE Connectivity (NYSE:TEL) last released 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. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 earnings per share. On average, equities research analysts predict that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Trudeau sold 7,044 shares of the firm’s 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 completion of the sale, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was 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 SEC, which is available through this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s 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 sale, the insider now directly owns 25,976 shares in the company, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.