TE Connectivity Ltd. (NYSE:TEL) Holdings Boosted by AQR Capital Management LLC

AQR Capital Management LLC grew its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 71.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 431,626 shares of the electronics maker’s stock after acquiring an additional 179,594 shares during the quarter. AQR Capital Management LLC owned about 0.14% of TE Connectivity worth $64,860,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in 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 buying an additional 28,449 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of TE Connectivity by 17.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock worth $52,456,000 after purchasing an additional 52,824 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of TE Connectivity by 25.3% during the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock valued at $41,811,000 after buying an additional 58,219 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of TE Connectivity by 72.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after purchasing an additional 135,548 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in TE Connectivity during the second quarter valued at approximately $15,847,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Trading Up 1.1 %

TEL opened at $151.22 on Friday. The firm has a 50 day simple moving average of $148.85 and a 200 day simple moving average of $147.59. 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 fifty-two week low of $115.00 and a fifty-two week high of $159.98. The company has a market cap of $45.96 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33.

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

Insider Activity at TE Connectivity

In related news, CFO Heath A. Mitts sold 59,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total value of $9,235,590.00. Following the completion of the transaction, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Heath A. Mitts sold 59,700 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total value of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the sale, the insider now directly owns 20,556 shares in the company, valued at $3,186,180. The disclosure for this sale can be found here. In the last three months, insiders sold 71,363 shares of company stock worth $11,042,161. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on TEL shares. Vertical Research began coverage on TE Connectivity in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target for the company. Truist Financial boosted their price target on TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research report on Wednesday, July 24th. Finally, Wolfe Research upgraded shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $158.73.

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.