TE Connectivity Ltd. (NYSE:TEL) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 7.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,118,636 shares of the electronics maker’s stock after purchasing an additional 223,842 shares during the period. Dimensional Fund Advisors LP’s holdings in TE Connectivity were worth $469,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of TE Connectivity by 54.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock valued at $2,265,218,000 after buying an additional 5,526,230 shares during the last quarter. Norges Bank acquired a new stake in shares of TE Connectivity during the 4th quarter valued at about $693,985,000. First Trust Advisors LP lifted its holdings in shares of TE Connectivity by 150.9% during the 4th quarter. First Trust Advisors LP now owns 2,143,423 shares of the electronics maker’s stock valued at $301,151,000 after buying an additional 1,289,230 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of TE Connectivity by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker’s stock valued at $510,015,000 after buying an additional 403,750 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of TE Connectivity by 698.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 305,610 shares of the electronics maker’s stock valued at $44,387,000 after buying an additional 267,350 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.0 %

Shares of TEL stock opened at $145.87 on Tuesday. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $159.98. The firm has a market cap of $44.67 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The stock has a 50 day moving average of $150.04 and a 200-day moving average of $147.33. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23.

TE Connectivity (NYSE:TEL) last issued 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that TE Connectivity Ltd. will post 7.57 EPS for the current year.

Insider Activity

In other news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,363 shares of company stock worth $11,042,161. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TEL. Bank of America lifted their price target on TE Connectivity from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Wells Fargo & Company reduced their price target on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a report on Wednesday, July 24th. Finally, StockNews.com assumed coverage on TE Connectivity in a report on Friday. They issued a “buy” rating for the company. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $158.45.

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.