Guyasuta Investment Advisors Inc. Sells 185 Shares of TE Connectivity Ltd. (NYSE:TEL)

Guyasuta Investment Advisors Inc. trimmed its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,872 shares of the electronics maker’s stock after selling 185 shares during the quarter. TE Connectivity makes up about 1.6% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Guyasuta Investment Advisors Inc. owned 0.05% of TE Connectivity worth $23,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of TEL. Lee Danner & Bass Inc. lifted its position in shares of TE Connectivity by 2.5% in the fourth quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock valued at $433,000 after buying an additional 74 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of TE Connectivity by 3.2% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,479 shares of the electronics maker’s stock valued at $348,000 after buying an additional 78 shares during the last quarter. Perpetual Ltd lifted its position in shares of TE Connectivity by 4.1% in the first quarter. Perpetual Ltd now owns 1,990 shares of the electronics maker’s stock valued at $289,000 after buying an additional 78 shares during the last quarter. Johnson Financial Group Inc. lifted its position in shares of TE Connectivity by 6.3% in the fourth quarter. Johnson Financial Group Inc. now owns 1,447 shares of the electronics maker’s stock valued at $203,000 after buying an additional 86 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of TE Connectivity by 1.6% in the fourth quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock valued at $784,000 after buying an additional 88 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,892,763.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,892,763.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now owns 5,917 shares in the company, valued at approximately $837,196.33. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

TE Connectivity Price Performance

Shares of TEL traded up $1.72 during midday trading on Friday, hitting $150.43. The company’s stock had a trading volume of 1,826,417 shares, compared to its average volume of 1,975,576. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $153.54. The company’s fifty day simple moving average is $147.72 and its two-hundred day simple moving average is $143.15. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $46.07 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. TE Connectivity’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. As a group, equities analysts expect that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TEL has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Jefferies Financial Group assumed coverage on TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. Robert W. Baird dropped their price target on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.13.

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.