Public Employees Retirement Association of Colorado Acquires New Position in TE Connectivity Ltd. (NYSE:TEL)

Public Employees Retirement Association of Colorado acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, Holdings Channel reports. The firm acquired 42,358 shares of the electronics maker’s stock, valued at approximately $6,372,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its stake in TE Connectivity by 5.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,804 shares of the electronics maker’s stock valued at $422,000 after acquiring an additional 139 shares during the period. Ieq Capital LLC increased its position in shares of TE Connectivity by 7.9% during the second quarter. Ieq Capital LLC now owns 15,818 shares of the electronics maker’s stock valued at $2,380,000 after buying an additional 1,155 shares during the period. XTX Topco Ltd increased its position in shares of TE Connectivity by 44.5% during the second quarter. XTX Topco Ltd now owns 5,206 shares of the electronics maker’s stock valued at $783,000 after buying an additional 1,604 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of TE Connectivity by 23.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,931 shares of the electronics maker’s stock valued at $4,001,000 after buying an additional 5,047 shares during the period. Finally, Tredje AP fonden increased its position in shares of TE Connectivity by 3.5% during the second quarter. Tredje AP fonden now owns 238,629 shares of the electronics maker’s stock valued at $35,897,000 after buying an additional 8,000 shares during the period. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Down 0.9 %

Shares of TEL opened at $148.11 on Friday. The firm has a market cap of $45.36 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.98 and a beta of 1.33. The stock has a 50 day simple moving average of $149.59 and a two-hundred day simple moving average of $147.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $159.98.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The business’s revenue was up .1% on a year-over-year basis. On average, analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TEL has been the topic of several analyst reports. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company decreased their price target on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday. Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Bank of America boosted their price objective on TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, StockNews.com assumed coverage on TE Connectivity in a report on Saturday. They set a “buy” rating for the company. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $158.73.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the completion of the sale, the chief financial officer now owns 38,073 shares in the company, valued at $5,889,893.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the transaction, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,363 shares of company stock worth $11,042,161. 0.86% of the stock is currently owned by insiders.

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.