Advisors Asset Management Inc. Has $3.53 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Advisors Asset Management Inc. raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 36.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 24,315 shares of the electronics maker’s stock after acquiring an additional 6,433 shares during the period. Advisors Asset Management Inc.’s holdings in TE Connectivity were worth $3,532,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in TE Connectivity in the fourth quarter valued at about $693,985,000. Massachusetts Financial Services Co. MA raised its position in shares of TE Connectivity by 2.5% in the 4th 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 period. Impax Asset Management Group plc raised its position in shares of TE Connectivity by 1.4% in the 4th 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 period. Wellington Management Group LLP boosted its stake 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 worth $510,015,000 after acquiring an additional 403,750 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in TE Connectivity by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,835,064 shares of the electronics maker’s stock valued at $398,342,000 after purchasing an additional 343,205 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TEL shares. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research report on Wednesday. Jefferies Financial Group assumed coverage on TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective on the stock. Bank of America boosted their target price on TE Connectivity from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a research report on Wednesday. Finally, Robert W. Baird boosted their price objective on TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, TE Connectivity has an average rating of “Hold” and a consensus target price of $158.45.

TE Connectivity Stock Up 1.2 %

Shares of TEL stock traded up $1.84 during trading on Friday, reaching $156.38. The company’s stock had a trading volume of 1,166,535 shares, compared to its average volume of 1,968,755. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $159.98. The business has a fifty day moving average price of $151.13 and a 200-day moving average price of $144.95. The company has a market cap of $47.89 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.23.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm posted $1.77 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts anticipate that TE Connectivity Ltd. will post 7.51 earnings per share for the current year.

Insider Buying and Selling

In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the completion of the transaction, the insider now directly owns 20,556 shares in the company, valued at $3,186,180. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the transaction, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,794 shares of company stock worth $3,102,206. Corporate insiders own 0.86% of the company’s stock.

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.