Boston Common Asset Management LLC Sells 10,417 Shares of TE Connectivity Ltd. (NYSE:TEL)

Boston Common Asset Management LLC reduced its holdings in TE Connectivity Ltd. (NYSE:TEL) by 23.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,387 shares of the electronics maker’s stock after selling 10,417 shares during the quarter. Boston Common Asset Management LLC’s holdings in TE Connectivity were worth $5,192,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of TE Connectivity by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock worth $41,811,000 after acquiring an additional 58,219 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of TE Connectivity by 17.1% during 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 buying an additional 52,824 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of TE Connectivity by 72.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after buying an additional 135,548 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of TE Connectivity during the second quarter worth about $15,847,000. Finally, Nomura Holdings Inc. bought a new position in shares of TE Connectivity during the fourth quarter worth about $879,000. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 38,073 shares in the company, valued at $5,889,893.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 25,504 shares in the company, valued at approximately $3,942,663.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

TE Connectivity Stock Performance

NYSE:TEL opened at $146.39 on Friday. The stock has a market cap of $44.49 billion, a P/E ratio of 13.16, a PEG ratio of 1.83 and a beta of 1.33. The stock has a 50 day simple moving average of $147.62 and a 200 day simple moving average of $148.02. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $159.98.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on TEL shares. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective for the company. in a report on Wednesday, July 24th. Robert W. Baird increased their price objective on TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. The Goldman Sachs Group reduced their price target on TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Finally, Vertical Research started 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. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $161.82.

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.