TE Connectivity Ltd (NYSE:TEL) Shares Purchased by Regentatlantic Capital LLC

Regentatlantic Capital LLC increased its position in shares of TE Connectivity Ltd (NYSE:TEL) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,389 shares of the electronics maker’s stock after acquiring an additional 818 shares during the period. Regentatlantic Capital LLC’s holdings in TE Connectivity were worth $1,527,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp boosted its position in shares of TE Connectivity by 0.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 40,869 shares of the electronics maker’s stock valued at $3,914,000 after purchasing an additional 112 shares during the period. River Wealth Advisors LLC boosted its position in shares of TE Connectivity by 0.3% in the 2nd quarter. River Wealth Advisors LLC now owns 36,167 shares of the electronics maker’s stock valued at $3,464,000 after purchasing an additional 115 shares during the period. Teza Capital Management LLC boosted its position in shares of TE Connectivity by 3.4% in the 2nd quarter. Teza Capital Management LLC now owns 3,996 shares of the electronics maker’s stock valued at $383,000 after purchasing an additional 132 shares during the period. CWM LLC boosted its position in shares of TE Connectivity by 18.8% in the 2nd quarter. CWM LLC now owns 855 shares of the electronics maker’s stock valued at $82,000 after purchasing an additional 135 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of TE Connectivity by 4.7% in the 3rd quarter. Ballentine Partners LLC now owns 3,026 shares of the electronics maker’s stock valued at $282,000 after purchasing an additional 135 shares during the period. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. ValuEngine lowered TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. started coverage on TE Connectivity in a research report on Tuesday. They set a “neutral” rating and a $102.00 price objective for the company. Citigroup lowered TE Connectivity from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $95.00 in a research report on Wednesday, October 9th. Morgan Stanley lowered TE Connectivity from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $98.00 to $95.00 in a research report on Monday, September 23rd. Finally, Wolfe Research started coverage on TE Connectivity in a research report on Tuesday, October 8th. They set a “market perform” rating and a $91.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $92.06.

Shares of NYSE TEL opened at $93.54 on Thursday. TE Connectivity Ltd has a one year low of $69.84 and a one year high of $97.99. The firm has a market capitalization of $31.55 billion, a PE ratio of 16.67, a PEG ratio of 1.51 and a beta of 1.18. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $92.47 and a two-hundred day moving average price of $91.26.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.43 billion. TE Connectivity had a return on equity of 18.33% and a net margin of 22.94%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. Research analysts anticipate that TE Connectivity Ltd will post 5.52 EPS for the current year.

In other news, SVP Robert J. Ott sold 22,400 shares of TE Connectivity stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.01, for a total transaction of $2,061,024.00. Following the completion of the sale, the senior vice president now directly owns 39,554 shares in the company, valued at approximately $3,639,363.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John S. Jenkins sold 38,050 shares of TE Connectivity stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $91.18, for a total value of $3,469,399.00. Following the sale, the executive vice president now owns 65,515 shares of the company’s stock, valued at $5,973,657.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,500 shares of company stock valued at $23,737,285. 0.80% of the stock is owned by corporate insiders.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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