Intellectus Partners LLC Grows Holdings in TE Connectivity Ltd (NYSE:TEL)

Intellectus Partners LLC grew its holdings in TE Connectivity Ltd (NYSE:TEL) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,260 shares of the electronics maker’s stock after purchasing an additional 260 shares during the period. Intellectus Partners LLC’s holdings in TE Connectivity were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in TE Connectivity by 102.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 515 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 260 shares during the period. Morgan Stanley increased its stake in TE Connectivity by 4.8% in the second quarter. Morgan Stanley now owns 933,757 shares of the electronics maker’s stock worth $89,434,000 after purchasing an additional 43,022 shares during the period. Evercore Wealth Management LLC purchased a new stake in TE Connectivity in the second quarter worth $269,000. Valeo Financial Advisors LLC increased its stake in TE Connectivity by 15.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,535 shares of the electronics maker’s stock worth $147,000 after purchasing an additional 200 shares during the period. Finally, Cerebellum GP LLC increased its stake in TE Connectivity by 14.7% in the first quarter. Cerebellum GP LLC now owns 4,067 shares of the electronics maker’s stock worth $328,000 after purchasing an additional 520 shares during the period. Institutional investors and hedge funds own 89.88% of the company’s stock.

Shares of TEL stock opened at $90.15 on Friday. TE Connectivity Ltd has a 1-year low of $69.84 and a 1-year high of $97.99. The stock’s 50-day moving average is $91.99 and its 200 day moving average is $90.66. The company has a market cap of $30.28 billion, a P/E ratio of 16.07, a PEG ratio of 1.37 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.47 and a quick ratio of 0.94.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. TE Connectivity had a return on equity of 18.33% and a net margin of 22.94%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that TE Connectivity Ltd will post 5.52 EPS for the current year.

A number of analysts have weighed in on TEL shares. Goldman Sachs Group upgraded TE Connectivity from a “neutral” rating to a “buy” rating and increased their target price for the stock from $92.00 to $105.00 in a research note on Thursday, June 20th. ValuEngine downgraded TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday. Cross Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Longbow Research downgraded TE Connectivity from a “buy” rating to a “neutral” rating and set a $90.66 price target on the stock. in a research report on Monday, June 17th. Finally, Morgan Stanley downgraded TE Connectivity from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $98.00 to $95.00 in a research report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $92.07.

In other TE Connectivity news, Director Thomas J. Lynch sold 124,400 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $93.41, for a total value of $11,620,204.00. Following the completion of the sale, the director now owns 290,316 shares of the company’s stock, valued at $27,118,417.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John S. Jenkins sold 38,050 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $91.18, for a total value of $3,469,399.00. Following the completion of the sale, the executive vice president now directly owns 65,515 shares of the company’s stock, valued at approximately $5,973,657.70. The disclosure for this sale can be found here. In the last three months, insiders sold 255,500 shares of company stock valued at $23,737,285. Corporate insiders own 0.80% of the company’s stock.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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