Sciencast Management LP Has $1.94 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Sciencast Management LP lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,322 shares of the electronics maker’s stock after purchasing an additional 2,430 shares during the quarter. TE Connectivity makes up about 1.2% of Sciencast Management LP’s holdings, making the stock its 14th biggest position. Sciencast Management LP’s holdings in TE Connectivity were worth $1,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TEL. JFS Wealth Advisors LLC lifted its stake in shares of TE Connectivity by 97.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after buying an additional 91 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in TE Connectivity by 112.4% during the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of TE Connectivity in the fourth quarter worth about $30,000. Godsey & Gibb Inc. lifted its position in shares of TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 114 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in TE Connectivity during the 4th quarter valued at approximately $33,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of TE Connectivity stock traded up $1.05 during midday trading on Friday, hitting $155.81. 1,269,407 shares of the company were exchanged, compared to its average volume of 1,938,854. The firm has a 50 day simple moving average of $149.65 and a 200-day simple moving average of $143.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. The firm has a market cap of $47.71 billion, a P/E ratio of 14.26, a PEG ratio of 2.26 and a beta of 1.33. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $157.42.

TE Connectivity (NYSE:TELGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. Research analysts forecast that TE Connectivity Ltd. will post 7.5 earnings per share for the current year.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,892,763.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the sale, the insider now directly owns 20,556 shares of the company’s stock, valued at $3,186,180. The disclosure for this sale can be found here. Insiders sold 20,794 shares of company stock valued at $3,102,206 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Robert W. Baird decreased their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Jefferies Financial Group started coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective for the company. Wells Fargo & Company reduced 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, June 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $155.13.

Check Out Our Latest Research Report on TEL

TE Connectivity Profile

(Free Report)

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.

Further Reading

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

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