Kentucky Retirement Systems Sells 1,415 Shares of TE Connectivity Ltd. (NYSE:TEL)

Kentucky Retirement Systems trimmed its holdings in TE Connectivity Ltd. (NYSE:TEL) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 23,451 shares of the electronics maker’s stock after selling 1,415 shares during the quarter. Kentucky Retirement Systems’ holdings in TE Connectivity were worth $3,406,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TEL. JFS Wealth Advisors LLC increased its holdings in TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Godsey & Gibb Inc. boosted its position in TE Connectivity by 103.6% in the first 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. Crewe Advisors LLC purchased a new position in TE Connectivity in the fourth quarter worth about $33,000. Finally, Sachetta LLC purchased a new position in TE Connectivity in the fourth quarter worth about $34,000. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TEL has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Robert W. Baird raised their target price on TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com started coverage on TE Connectivity in a research report on Saturday. They set a “buy” rating on the stock. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a research report on Wednesday. Finally, Hsbc Global Res raised TE Connectivity to a “hold” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $158.45.

TE Connectivity Price Performance

NYSE TEL traded up $1.84 during trading hours on Friday, reaching $156.38. The company’s stock had a trading volume of 1,185,249 shares, compared to its average volume of 1,861,097. The firm’s 50-day moving average price is $151.23 and its 200-day moving average price is $145.19. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $159.98. The company has a market capitalization of $47.89 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.13 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm earned $1.77 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that TE Connectivity Ltd. will post 7.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction that occurred 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 owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The disclosure for this sale can be found here. Insiders have sold a total of 20,794 shares of company stock valued at $3,102,206 in the last quarter. 0.86% of the stock is currently owned by insiders.

TE Connectivity Company Profile

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.