CANADA LIFE ASSURANCE Co Has $41.12 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

CANADA LIFE ASSURANCE Co raised its holdings in TE Connectivity Ltd. (NYSE:TEL) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 283,128 shares of the electronics maker’s stock after acquiring an additional 15,052 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.09% of TE Connectivity worth $41,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its position in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. boosted its holdings in shares of TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after buying an additional 100 shares during the period. Godsey & Gibb Inc. increased its position in shares of TE Connectivity by 103.6% during the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 114 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $33,000. Finally, Sachetta LLC bought a new stake in TE Connectivity in the 4th quarter valued at $34,000. 91.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares in the company, valued at approximately $837,196.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the transaction, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the completion of the sale, the insider now owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The disclosure for this sale can be found here. Insiders have sold a total of 20,794 shares of company stock valued at $3,102,206 over the last 90 days. 0.86% of the stock is currently owned by insiders.

TE Connectivity Stock Down 0.0 %

TEL traded down $0.04 during trading on Thursday, reaching $156.81. 1,239,250 shares of the stock were exchanged, compared to its average volume of 1,964,029. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The stock’s 50 day moving average price is $151.06 and its two-hundred day moving average price is $144.88. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $159.98. The stock has a market cap of $48.02 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33.

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, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. TE Connectivity’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 EPS. Equities analysts expect that TE Connectivity Ltd. will post 7.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TEL. Jefferies Financial Group assumed coverage on TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. Bank of America increased their price objective on TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a research note on Wednesday. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a research report on Wednesday. Finally, Robert W. Baird lifted their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, TE Connectivity currently has an average rating of “Hold” and a consensus target price of $158.45.

About TE Connectivity

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.