Bogart Wealth LLC Grows Position in TE Connectivity Ltd. (NYSE:TEL)

Bogart Wealth LLC grew its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,400 shares of the electronics maker’s stock after acquiring an additional 231 shares during the quarter. Bogart Wealth LLC’s holdings in TE Connectivity were worth $6,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in TE Connectivity by 25.3% in the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock worth $41,811,000 after purchasing an additional 58,219 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of TE Connectivity by 17.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock valued at $52,456,000 after acquiring an additional 52,824 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in TE Connectivity by 72.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after acquiring an additional 135,548 shares during the period. Manning & Napier Advisors LLC purchased a new position in TE Connectivity in the second quarter worth $15,847,000. Finally, Headlands Technologies LLC grew its stake in TE Connectivity by 2,037.3% in the 1st quarter. Headlands Technologies LLC now owns 3,612 shares of the electronics maker’s stock valued at $525,000 after purchasing an additional 3,443 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE TEL traded up $0.92 during trading hours on Thursday, hitting $146.39. The company had a trading volume of 326,337 shares, compared to its average volume of 1,842,928. The firm has a 50 day simple moving average of $148.07 and a 200 day simple moving average of $148.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $159.98. The firm has a market capitalization of $44.83 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.89 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The firm 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 business earned $1.77 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that TE Connectivity Ltd. will post 7.56 earnings per share for the current year.

Insider Activity at TE Connectivity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a research note on Wednesday, July 24th. Bank of America dropped their target price on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Wolfe Research upgraded shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research note on Thursday, September 5th. Vertical Research began coverage on TE Connectivity in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price objective on the stock. Finally, Truist Financial increased their price objective on TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and a consensus target price of $161.82.

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.