Massmutual Trust Co. FSB ADV Grows Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Massmutual Trust Co. FSB ADV boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,563 shares of the electronics maker’s stock after acquiring an additional 1,361 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in TE Connectivity were worth $5,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Silvercrest Asset Management Group LLC boosted its holdings in TE Connectivity by 2.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker’s stock valued at $432,000 after acquiring an additional 68 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of TE Connectivity by 3.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,835 shares of the electronics maker’s stock valued at $267,000 after buying an additional 69 shares during the period. Manchester Capital Management LLC boosted its position in TE Connectivity by 5.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker’s stock valued at $207,000 after acquiring an additional 73 shares in the last quarter. Lee Danner & Bass Inc. grew its holdings in shares of TE Connectivity by 2.5% during the 4th quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock worth $433,000 after acquiring an additional 74 shares during the period. Finally, Miracle Mile Advisors LLC lifted its stake in shares of TE Connectivity by 0.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 13,326 shares of the electronics maker’s stock valued at $1,935,000 after purchasing an additional 75 shares during the period. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Price Performance

Shares of NYSE TEL traded down $1.96 during midday trading on Monday, reaching $143.44. The stock had a trading volume of 2,108,410 shares, compared to its average volume of 1,963,044. The company has a market capitalization of $43.59 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $159.98. The stock has a 50-day moving average of $151.29 and a 200-day moving average of $146.00. 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 (NYSE:TEL) last posted 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 return on equity of 18.53% and a net margin of 21.94%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that TE Connectivity Ltd. will post 7.56 EPS for the current fiscal year.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the transaction, the senior vice president now owns 25,504 shares in the company, valued at approximately $3,942,663.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now directly owns 25,504 shares in the company, valued at approximately $3,942,663.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the transaction, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The disclosure for this sale can be found here. Insiders sold a total of 76,363 shares of company stock valued at $11,791,461 in the last three months. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TEL shares. Wells Fargo & Company decreased their price objective on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a report on Wednesday, July 24th. StockNews.com started coverage on TE Connectivity in a research report on Sunday. They issued a “buy” rating on the stock. Bank of America lifted their target price on TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Jefferies Financial Group began coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $158.45.

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.