TE Connectivity Ltd. (NYSE:TEL) Stock Position Lifted by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 7.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,703 shares of the electronics maker’s stock after acquiring an additional 897 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in TE Connectivity were worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC grew its position in shares of TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after buying an additional 91 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of TE Connectivity in the 4th quarter worth about $30,000. Crewe Advisors LLC bought a new position in TE Connectivity in the 4th quarter worth about $33,000. Finally, Sachetta LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,892,763.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of the company’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 transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

TE Connectivity Stock Down 0.8 %

Shares of TEL opened at $148.78 on Friday. The business’s fifty day moving average price is $148.29 and its two-hundred day moving average price is $143.41. The firm has a market capitalization of $45.56 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.19 and a beta of 1.33. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $153.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. On average, analysts predict that TE Connectivity Ltd. will post 7.5 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on TEL shares. Wells Fargo & Company decreased their target price on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird cut their price objective 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. Jefferies Financial Group began coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, StockNews.com started coverage on shares of TE Connectivity in a research note on Wednesday. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average price target of $155.13.

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.