TE Connectivity Ltd. (NYSE:TEL) is Waverton Investment Management Ltd’s 10th Largest Position

Waverton Investment Management Ltd increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,304,360 shares of the electronics maker’s stock after buying an additional 41,894 shares during the quarter. TE Connectivity comprises approximately 3.7% of Waverton Investment Management Ltd’s portfolio, making the stock its 10th largest position. Waverton Investment Management Ltd’s holdings in TE Connectivity were worth $196,169,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TEL. JFS Wealth Advisors LLC raised its position in TE Connectivity by 97.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. increased 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 during the last quarter. Versant Capital Management Inc raised its holdings in TE Connectivity by 209.8% in the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after buying an additional 128 shares during the period. Olistico Wealth LLC acquired a new position in TE Connectivity in the second quarter valued at about $30,000. Finally, Godsey & Gibb Inc. boosted its stake in TE Connectivity by 103.6% during the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after buying an additional 114 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. 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 report on Thursday, July 18th. Vertical Research assumed coverage on TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price target for the company. 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 report on Thursday, July 25th. Finally, Truist Financial increased their target price on TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, TE Connectivity has an average rating of “Hold” and an average price target of $158.45.

Insider Transactions at TE Connectivity

In related news, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 38,073 shares of the company’s stock, valued at $5,889,893.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Heath A. Mitts sold 59,700 shares of the company’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 transaction, the chief financial officer now directly owns 38,073 shares of the company’s stock, 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, 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 transaction of $1,356,250.00. Following the sale, the insider now directly owns 20,556 shares in the company, valued at approximately $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 valued at $11,042,161. Insiders own 0.86% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $147.07 on Friday. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $159.98. The firm has a market capitalization of $44.70 billion, a P/E ratio of 13.46, a P/E/G ratio of 2.08 and a beta of 1.33. 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 business’s 50-day moving average is $150.73 and its two-hundred day moving average is $147.17.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, topping 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 previous year, the firm earned $1.77 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. Analysts anticipate that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

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.