J.W. Cole Advisors Inc. Invests $59,000 in TE Connectivity Ltd. (NYSE:TEL)

J.W. Cole Advisors Inc. purchased a new position in shares of TE Connectivity Ltd. (NYSE:TELGet Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 77,895 shares of the electronics maker’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth about $224,000. Bank of New Hampshire acquired a new position in shares of TE Connectivity during the first quarter worth about $46,000. Illinois Municipal Retirement Fund boosted its holdings in TE Connectivity by 55.3% during the first quarter. Illinois Municipal Retirement Fund now owns 56,661 shares of the electronics maker’s stock worth $7,421,000 after buying an additional 20,171 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in TE Connectivity by 14.1% during the first quarter. Massmutual Trust Co. FSB ADV now owns 21,568 shares of the electronics maker’s stock worth $2,825,000 after buying an additional 2,673 shares in the last quarter. Finally, Level Four Advisory Services LLC purchased a new stake in TE Connectivity during the first quarter worth about $354,000. 90.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 2,990 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $131.97, for a total transaction of $394,590.30. Following the completion of the transaction, the executive vice president now owns 18,406 shares of the company’s stock, valued at $2,429,039.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Tim Murphy sold 4,000 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $131.13, for a total value of $524,520.00. Following the completion of the sale, the senior vice president now owns 17,754 shares of the company’s stock, valued at $2,328,082.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John S. Jenkins sold 2,990 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $131.97, for a total transaction of $394,590.30. Following the completion of the sale, the executive vice president now directly owns 18,406 shares of the company’s stock, valued at approximately $2,429,039.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,919 shares of company stock valued at $4,203,806. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TEL. The Goldman Sachs Group decreased their price objective on shares of TE Connectivity from $169.00 to $160.00 in a report on Wednesday, June 1st. Cowen decreased their price objective on shares of TE Connectivity from $160.00 to $125.00 and set a “market perform” rating on the stock in a report on Thursday, June 30th. Cowen decreased their price objective on shares of TE Connectivity from $160.00 to $125.00 and set a “market perform” rating on the stock in a report on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $134.00 price target (down previously from $166.00) on shares of TE Connectivity in a report on Thursday, July 14th. Finally, Morgan Stanley reduced their price target on shares of TE Connectivity from $147.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, June 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Hold” and a consensus price target of $148.00.

TE Connectivity Stock Performance

NYSE:TEL opened at $116.52 on Friday. The firm has a 50 day simple moving average of $127.85 and a 200-day simple moving average of $125.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 0.90. The firm has a market cap of $37.27 billion, a PE ratio of 15.21, a P/E/G ratio of 1.60 and a beta of 1.32. TE Connectivity Ltd. has a 1-year low of $107.12 and a 1-year high of $166.44.

TE Connectivity (NYSE:TELGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The electronics maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. TE Connectivity had a net margin of 15.97% and a return on equity of 21.98%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that TE Connectivity Ltd. will post 7.3 EPS for the current year.

TE Connectivity announced that its board has initiated a stock repurchase program on Friday, June 17th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the electronics maker to reacquire up to 4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

TE Connectivity Profile

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TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor 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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