TE Connectivity Ltd (TEL) Shares Bought by PGGM Investments

PGGM Investments grew its position in TE Connectivity Ltd (NYSE:TEL) by 12.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 672,312 shares of the electronics maker’s stock after acquiring an additional 74,000 shares during the quarter. PGGM Investments owned 0.20% of TE Connectivity worth $54,289,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MML Investors Services LLC lifted its holdings in shares of TE Connectivity by 8.2% in the fourth quarter. MML Investors Services LLC now owns 7,651 shares of the electronics maker’s stock valued at $579,000 after purchasing an additional 577 shares in the last quarter. Legal & General Group Plc increased its position in shares of TE Connectivity by 21.5% in the fourth quarter. Legal & General Group Plc now owns 2,052,335 shares of the electronics maker’s stock valued at $155,047,000 after acquiring an additional 362,868 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of TE Connectivity by 9.8% in the fourth quarter. Squarepoint Ops LLC now owns 287,614 shares of the electronics maker’s stock valued at $21,752,000 after acquiring an additional 25,761 shares during the last quarter. CWM Advisors LLC increased its position in shares of TE Connectivity by 16.1% in the fourth quarter. CWM Advisors LLC now owns 7,065 shares of the electronics maker’s stock valued at $534,000 after acquiring an additional 981 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of TE Connectivity by 3.9% in the fourth quarter. Quadrant Capital Group LLC now owns 4,819 shares of the electronics maker’s stock valued at $359,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

In other TE Connectivity news, SVP Eric Resch sold 34,050 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $82.70, for a total transaction of $2,815,935.00. Following the completion of the sale, the senior vice president now directly owns 68,790 shares in the company, valued at $5,688,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 12,908 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $83.05, for a total value of $1,072,009.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 277,825 shares of company stock valued at $25,723,028. 0.80% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on TEL shares. Zacks Investment Research raised TE Connectivity from a “sell” rating to a “hold” rating in a research report on Monday, February 11th. ValuEngine raised TE Connectivity from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $94.43.

Shares of TE Connectivity stock traded up $1.14 on Friday, hitting $95.65. The stock had a trading volume of 1,126,767 shares, compared to its average volume of 1,643,535. The company has a current ratio of 1.41, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $32.22 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.59 and a beta of 1.10. TE Connectivity Ltd has a twelve month low of $69.84 and a twelve month high of $99.52.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.15. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.36 billion. TE Connectivity had a return on equity of 18.78% and a net margin of 20.17%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share. As a group, equities research analysts predict that TE Connectivity Ltd will post 5.61 earnings per share for the current fiscal year.

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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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