TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,453 shares of the electronics maker’s stock after buying an additional 2,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in TE Connectivity were worth $17,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Wealth LLC increased its holdings in shares of TE Connectivity by 39.6% in the 4th quarter. NewEdge Wealth LLC now owns 21,766 shares of the electronics maker’s stock valued at $3,112,000 after acquiring an additional 6,174 shares during the period. Checchi Capital Advisers LLC grew its position in TE Connectivity by 5.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,698 shares of the electronics maker’s stock worth $386,000 after purchasing an additional 151 shares during the last quarter. Nelson Capital Management LLC acquired a new position in TE Connectivity in the fourth quarter valued at $2,157,000. National Pension Service raised its holdings in shares of TE Connectivity by 0.4% in the fourth quarter. National Pension Service now owns 776,519 shares of the electronics maker’s stock valued at $111,019,000 after buying an additional 3,030 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in shares of TE Connectivity by 5.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,171 shares of the electronics maker’s stock worth $310,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $151.89 on Friday. The firm has a 50 day moving average of $147.66 and a 200-day moving average of $148.66. The company has a market cap of $45.32 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.11 and a beta of 1.32. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 12-month low of $137.61 and a 12-month high of $159.98.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. TE Connectivity’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 earnings per share. As a group, equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,925,752.88. The trade was a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

TEL has been the topic of several analyst reports. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Bank of America boosted their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective for the company in a research report on Thursday, January 23rd. StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Truist Financial cut their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $167.00.

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.