Boston Trust Walden Corp Decreases Position in TE Connectivity Ltd. (NYSE:TEL)

Boston Trust Walden Corp reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 370,400 shares of the electronics maker’s stock after selling 13,797 shares during the quarter. Boston Trust Walden Corp owned 0.12% of TE Connectivity worth $55,927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TEL. Price T Rowe Associates Inc. MD boosted its position in TE Connectivity by 54.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock valued at $2,265,218,000 after buying an additional 5,526,230 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in TE Connectivity by 26.2% in the second quarter. Ameriprise Financial Inc. now owns 6,280,632 shares of the electronics maker’s stock valued at $944,791,000 after purchasing an additional 1,304,199 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in TE Connectivity by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,118,636 shares of the electronics maker’s stock valued at $469,113,000 after purchasing an additional 223,842 shares in the last quarter. Pzena Investment Management LLC increased its holdings in TE Connectivity by 9.3% during the 1st quarter. Pzena Investment Management LLC now owns 2,798,532 shares of the electronics maker’s stock worth $406,459,000 after purchasing an additional 238,370 shares during the last quarter. Finally, First Pacific Advisors LP boosted its stake in shares of TE Connectivity by 0.4% during the 1st quarter. First Pacific Advisors LP now owns 2,776,505 shares of the electronics maker’s stock valued at $403,260,000 after buying an additional 10,167 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now owns 38,073 shares of the company’s stock, valued at $5,889,893.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now directly owns 25,504 shares in the company, valued at $3,942,663.36. This trade represents a 0.00 % decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at approximately $5,889,893.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a research note on Wednesday, July 24th. Bank of America cut their target price on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company cut their price objective on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, September 20th. Finally, Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $161.82.

TE Connectivity Stock Performance

TEL stock traded up $2.26 during mid-day trading on Friday, reaching $149.13. The company had a trading volume of 1,277,666 shares, compared to its average volume of 1,844,925. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $159.98. The stock has a market capitalization of $45.67 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.89 and a beta of 1.33. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $148.02 and its two-hundred day simple moving average is $148.25.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm posted $1.77 EPS. TE Connectivity’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that TE Connectivity Ltd. will post 7.56 EPS for the current year.

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.