TE Connectivity Ltd. (NYSE:TEL) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. raised its position in TE Connectivity Ltd. (NYSE:TEL) by 1.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,057 shares of the electronics maker’s stock after buying an additional 257 shares during the quarter. Leavell Investment Management Inc.’s holdings in TE Connectivity were worth $3,017,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TEL. JFS Wealth Advisors LLC increased its stake in TE Connectivity by 97.8% in 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 period. Salem Investment Counselors Inc. boosted its position in shares of TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 128 shares in the last quarter. Olistico Wealth LLC purchased a new stake in shares of TE Connectivity during the 2nd quarter worth $30,000. Finally, Godsey & Gibb Inc. boosted its position in shares of TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 114 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Trading Up 2.7 %

NYSE:TEL traded up $3.91 on Thursday, reaching $149.04. The stock had a trading volume of 1,099,192 shares, compared to its average volume of 1,939,849. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $159.98. The firm’s fifty day moving average is $150.44 and its two-hundred day moving average is $146.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. The company has a market cap of $45.30 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.96 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company posted $1.77 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts expect that TE Connectivity Ltd. will post 7.56 EPS for the current fiscal year.

Insider Activity

In other news, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the transaction, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The disclosure for this sale can be found here. Insiders sold a total of 76,363 shares of company stock valued at $11,791,461 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent research reports. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a research report on Wednesday, July 24th. Robert W. Baird boosted their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Bank of America boosted their price objective on shares of TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $158.45.

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.