Heritage Family Offices LLP Increases Position in TE Connectivity Ltd. (NYSE:TEL)

Heritage Family Offices LLP increased its position in TE Connectivity Ltd. (NYSE:TEL) by 35.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,855 shares of the electronics maker’s stock after buying an additional 3,657 shares during the period. TE Connectivity comprises approximately 1.1% of Heritage Family Offices LLP’s holdings, making the stock its 19th largest position. Heritage Family Offices LLP’s holdings in TE Connectivity were worth $2,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SageView Advisory Group LLC purchased a new stake in TE Connectivity in the 4th quarter worth $273,000. HighPoint Advisor Group LLC bought a new position in TE Connectivity during the fourth quarter valued at approximately $831,000. Nomura Holdings Inc. purchased a new position in TE Connectivity during the 4th quarter valued at approximately $879,000. GAMMA Investing LLC increased its stake in TE Connectivity by 14.2% in the 1st quarter. GAMMA Investing LLC now owns 1,251 shares of the electronics maker’s stock worth $182,000 after acquiring an additional 156 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in shares of TE Connectivity during the 1st quarter valued at approximately $40,000. 91.43% of the stock is owned by institutional investors.

Insider Transactions at TE Connectivity

In related news, CFO Heath A. Mitts sold 59,700 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the transaction, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at $5,889,893.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction 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 owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

TE Connectivity Trading Down 1.0 %

Shares of NYSE TEL opened at $144.80 on Thursday. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $159.98. The firm has a market cap of $44.01 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.33. The business has a fifty day simple moving average of $147.81 and a two-hundred day simple moving average of $148.12. 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 released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that TE Connectivity Ltd. will post 7.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEL has been the topic of several recent research reports. Wolfe Research upgraded shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. StockNews.com began coverage on TE Connectivity in a report on Tuesday. They set a “buy” rating on the stock. Vertical Research initiated coverage on shares of TE Connectivity in a research note on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price objective for the company. Finally, Truist Financial increased their target price on shares of TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $161.82.

TE Connectivity 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.