Diversified Trust Co acquired a new position in shares of TE Connectivity Ltd (NYSE:TEL) during the first quarter, Holdings Channel reports. The fund acquired 13,760 shares of the electronics maker’s stock, valued at approximately $1,026,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dodge & Cox bought a new position in shares of TE Connectivity during the fourth quarter worth about $1,913,073,000. Norges Bank bought a new position in shares of TE Connectivity during the fourth quarter worth about $248,250,000. Price T Rowe Associates Inc. MD boosted its position in shares of TE Connectivity by 24.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,936,361 shares of the electronics maker’s stock worth $768,463,000 after buying an additional 2,348,403 shares during the last quarter. LSV Asset Management boosted its position in shares of TE Connectivity by 2,139.2% in the third quarter. LSV Asset Management now owns 2,203,350 shares of the electronics maker’s stock worth $141,851,000 after buying an additional 2,104,950 shares during the last quarter. Finally, Boston Partners boosted its position in shares of TE Connectivity by 21.5% in the third quarter. Boston Partners now owns 10,886,199 shares of the electronics maker’s stock worth $700,854,000 after buying an additional 1,922,737 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.
TE Connectivity Ltd (NYSE:TEL) traded down 0.69% on Friday, hitting $73.61. The stock had a trading volume of 2,348,144 shares. TE Connectivity Ltd has a 52-week low of $54.54 and a 52-week high of $76.77. The company has a 50-day moving average price of $74.23 and a 200 day moving average price of $70.17. The firm has a market cap of $26.15 billion, a PE ratio of 12.88 and a beta of 1.16.
TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.15. The business earned $3.10 billion during the quarter, compared to analyst estimates of $3 billion. TE Connectivity had a return on equity of 19.26% and a net margin of 16.56%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Equities analysts forecast that TE Connectivity Ltd will post $4.43 earnings per share for the current fiscal year.
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TEL has been the subject of a number of recent research reports. Goldman Sachs Group Inc cut TE Connectivity from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $63.00 to $64.00 in a research note on Wednesday, January 4th. Zacks Investment Research cut TE Connectivity from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Stifel Nicolaus boosted their price target on TE Connectivity from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price target on shares of TE Connectivity in a research note on Tuesday, March 28th. Finally, Cowen and Company began coverage on TE Connectivity in a research note on Tuesday, March 21st. They issued an “outperform” rating and a $90.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. TE Connectivity presently has a consensus rating of “Buy” and a consensus price target of $77.67.
In other TE Connectivity news, SVP Mario Calastri sold 17,600 shares of TE Connectivity stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $74.65, for a total transaction of $1,313,840.00. Following the completion of the transaction, the senior vice president now owns 46,678 shares in the company, valued at approximately $3,484,512.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrence R. Curtin sold 150,000 shares of TE Connectivity stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $75.03, for a total value of $11,254,500.00. Following the transaction, the insider now owns 165,181 shares of the company’s stock, valued at approximately $12,393,530.43. The disclosure for this sale can be found here. Insiders have sold a total of 596,255 shares of company stock valued at $44,499,970 in the last quarter. Company insiders own 1.49% of the company’s stock.
TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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