Diversified Trust Co Takes Position in TE Connectivity Ltd (TEL)

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.

Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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.

ILLEGAL ACTIVITY WARNING: This report was first reported by BBNS and is the property of of BBNS. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://baseballnewssource.com/markets/diversified-trust-co-takes-position-in-te-connectivity-ltd-tel/638245.html.

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.

5 Day Chart for NYSE:TEL

Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd (NYSE:TEL).

Receive News & Ratings for TE Connectivity Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity Ltd and related companies with our FREE daily email newsletter.

 

Latest News

Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life
New York Mets Have the Power
New York Mets Have the Power
Red Sox Fighting Through Illness and Injury
Red Sox Fighting Through Illness and Injury
Cleveland and Arizona Off to Fast Starts
Cleveland and Arizona Off to Fast Starts


Leave a Reply

 
© 2006-2017 BBNS.