Quadrant Capital Group LLC Has $502,000 Position in TE Connectivity Ltd (NYSE:TEL)

Quadrant Capital Group LLC grew its holdings in TE Connectivity Ltd (NYSE:TEL) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,300 shares of the electronics maker’s stock after purchasing an additional 339 shares during the quarter. Quadrant Capital Group LLC’s holdings in TE Connectivity were worth $502,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in TE Connectivity by 854,554.5% during the first quarter. Rockefeller Capital Management L.P. now owns 846,108 shares of the electronics maker’s stock worth $68,324,000 after buying an additional 846,009 shares in the last quarter. Valeo Financial Advisors LLC grew its position in TE Connectivity by 15.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,535 shares of the electronics maker’s stock worth $147,000 after buying an additional 200 shares in the last quarter. Cerebellum GP LLC grew its position in TE Connectivity by 14.7% during the first quarter. Cerebellum GP LLC now owns 4,067 shares of the electronics maker’s stock worth $328,000 after buying an additional 520 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in TE Connectivity during the first quarter worth about $2,116,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in TE Connectivity by 35.2% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 21,863 shares of the electronics maker’s stock worth $2,084,000 after buying an additional 5,692 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the company. HC Wainwright reissued a “sell” rating on shares of TE Connectivity in a research report on Friday, May 3rd. Morgan Stanley decreased their target price on TE Connectivity from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Monday, April 29th. Longbow Research downgraded TE Connectivity from a “buy” rating to a “neutral” rating and set a $90.66 target price on the stock. in a research report on Monday, June 17th. Finally, Goldman Sachs Group raised TE Connectivity from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $92.00 to $105.00 in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $92.21.

TEL traded down $0.67 during midday trading on Friday, reaching $90.31. 1,873,796 shares of the company’s stock were exchanged, compared to its average volume of 1,722,386. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.32. TE Connectivity Ltd has a one year low of $69.84 and a one year high of $97.99. The company’s 50-day moving average is $93.19.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.43 billion. TE Connectivity had a net margin of 22.94% and a return on equity of 18.33%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. Analysts predict that TE Connectivity Ltd will post 5.52 EPS for the current fiscal year.

In other TE Connectivity news, Director Thomas J. Lynch sold 124,400 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $93.41, for a total transaction of $11,620,204.00. Following the completion of the transaction, the director now owns 290,316 shares in the company, valued at $27,118,417.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven T. Merkt sold 65,650 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $93.55, for a total transaction of $6,141,557.50. Following the transaction, the insider now owns 89,854 shares of the company’s stock, valued at approximately $8,405,841.70. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

TE Connectivity Company 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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