TE Connectivity Ltd (TEL) Shares Bought by Putnam FL Investment Management Co.

Putnam FL Investment Management Co. lifted its position in TE Connectivity Ltd (NYSE:TEL) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,296 shares of the electronics maker’s stock after purchasing an additional 494 shares during the quarter. Putnam FL Investment Management Co.’s holdings in TE Connectivity were worth $325,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Panagora Asset Management Inc. grew its position in TE Connectivity by 1,920.1% in the third quarter. Panagora Asset Management Inc. now owns 263,455 shares of the electronics maker’s stock valued at $23,166,000 after purchasing an additional 250,413 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of TE Connectivity by 25.7% in the 3rd quarter. Baird Financial Group Inc. now owns 69,349 shares of the electronics maker’s stock valued at $6,022,000 after acquiring an additional 14,182 shares during the period. AMP Capital Investors Ltd grew its position in shares of TE Connectivity by 6.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 180,245 shares of the electronics maker’s stock valued at $15,879,000 after acquiring an additional 10,882 shares during the period. Standard Life Aberdeen plc grew its position in shares of TE Connectivity by 3.6% in the 3rd quarter. Standard Life Aberdeen plc now owns 282,263 shares of the electronics maker’s stock valued at $24,821,000 after acquiring an additional 9,795 shares during the period. Finally, United Services Automobile Association grew its position in shares of TE Connectivity by 4.2% in the 3rd quarter. United Services Automobile Association now owns 137,003 shares of the electronics maker’s stock valued at $12,047,000 after acquiring an additional 5,479 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

In other TE Connectivity news, SVP Eric Resch sold 34,050 shares of TE Connectivity stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $82.70, for a total value of $2,815,935.00. Following the completion of the sale, the senior vice president now owns 68,790 shares in the company, valued at approximately $5,688,933. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath A. Mitts sold 12,908 shares of TE Connectivity stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $83.05, for a total transaction of $1,072,009.40. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Shares of TEL stock traded up $0.41 during midday trading on Friday, hitting $89.43. 851,372 shares of the company were exchanged, compared to its average volume of 1,338,183. The company has a market capitalization of $30.30 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.55. TE Connectivity Ltd has a 52 week low of $69.84 and a 52 week high of $101.59.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 23rd. The electronics maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.38 billion. TE Connectivity had a net margin of 20.06% and a return on equity of 19.22%. TE Connectivity’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS. Sell-side analysts forecast that TE Connectivity Ltd will post 5.44 EPS for the current year.

TEL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of TE Connectivity from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Robert W. Baird reissued a “hold” rating and issued a $79.00 price objective on shares of TE Connectivity in a research report on Sunday, January 6th. Royal Bank of Canada reissued a “buy” rating and issued a $92.00 price objective on shares of TE Connectivity in a research report on Sunday, January 6th. Finally, ValuEngine downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $94.14.

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TE Connectivity Profile

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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