Sage Capital Advisors llc Has $1.95 Million Stock Holdings in TE Connectivity Ltd (NYSE:TEL)

Sage Capital Advisors llc trimmed its stake in TE Connectivity Ltd (NYSE:TEL) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,914 shares of the electronics maker’s stock after selling 1,806 shares during the quarter. TE Connectivity comprises about 1.5% of Sage Capital Advisors llc’s holdings, making the stock its 21st biggest position. Sage Capital Advisors llc’s holdings in TE Connectivity were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TEL. Weaver Consulting Group acquired a new position in shares of TE Connectivity during the first quarter valued at about $28,000. CX Institutional grew its holdings in shares of TE Connectivity by 220.2% during the second quarter. CX Institutional now owns 365 shares of the electronics maker’s stock valued at $35,000 after buying an additional 251 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of TE Connectivity during the second quarter valued at about $41,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of TE Connectivity by 102.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 515 shares of the electronics maker’s stock valued at $49,000 after buying an additional 260 shares during the last quarter. Finally, Doyle Wealth Management acquired a new position in shares of TE Connectivity during the second quarter valued at about $61,000. Institutional investors and hedge funds own 89.99% of the company’s stock.

In other news, insider Steven T. Merkt sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $89.02, for a total value of $445,100.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John S. Jenkins sold 38,050 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $91.18, for a total transaction of $3,469,399.00. Following the completion of the sale, the executive vice president now directly owns 65,515 shares in the company, valued at approximately $5,973,657.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,500 shares of company stock worth $23,737,285. Insiders own 0.80% of the company’s stock.

TEL stock traded up $0.14 during mid-day trading on Friday, hitting $93.14. The company had a trading volume of 495,828 shares, compared to its average volume of 1,315,402. The firm has a market cap of $30.91 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.48 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.94 and a current ratio of 1.47. TE Connectivity Ltd has a 12 month low of $69.84 and a 12 month high of $97.99. The stock’s fifty day moving average price is $92.20 and its two-hundred day moving average price is $90.96.

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

TEL has been the subject of a number of analyst reports. Cross Research cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Morgan Stanley lowered shares of TE Connectivity from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $98.00 to $95.00 in a research report on Monday, September 23rd. ValuEngine lowered shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Goldman Sachs Group raised shares of TE Connectivity from a “neutral” rating to a “buy” rating and raised their price target for the company from $92.00 to $105.00 in a research report on Thursday, June 20th. Finally, Citigroup lowered shares of TE Connectivity from a “buy” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $95.00 in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. TE Connectivity has a consensus rating of “Hold” and a consensus target price of $92.07.

About TE Connectivity

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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