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TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Lbp Am Sa

TE Connectivity logo with Computer and Technology background

LBP AM SA decreased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 22.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,704 shares of the electronics maker's stock after selling 8,350 shares during the quarter. LBP AM SA's holdings in TE Connectivity were worth $4,056,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. North Capital Inc. purchased a new stake in shares of TE Connectivity during the first quarter worth about $46,000. Global X Japan Co. Ltd. purchased a new position in TE Connectivity during the 1st quarter valued at approximately $47,000. Bartlett & CO. Wealth Management LLC grew its holdings in TE Connectivity by 650.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock valued at $69,000 after buying an additional 423 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in TE Connectivity by 32.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock valued at $71,000 after buying an additional 123 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in TE Connectivity by 150.0% during the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock valued at $71,000 after buying an additional 300 shares in the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TEL shares. The Goldman Sachs Group cut their price target on TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. raised their price objective on TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Citigroup raised TE Connectivity from a "neutral" rating to a "buy" rating and raised their price objective for the company from $150.00 to $200.00 in a research note on Friday. Bank of America raised their price target on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a research note on Saturday. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.70.

Get Our Latest Report on TE Connectivity

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the completion of the transaction, the insider owned 25,976 shares of the company's stock, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 13,100 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $170.00, for a total value of $2,227,000.00. Following the completion of the transaction, the insider directly owned 23,657 shares of the company's stock, valued at $4,021,690. The trade was a 35.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,775 shares of company stock worth $29,596,059. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Stock Up 1.2%

TEL stock traded up $2.11 on Friday, hitting $177.14. 1,542,540 shares of the company's stock were exchanged, compared to its average volume of 1,713,989. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $178.10. The firm has a 50 day moving average price of $163.83 and a two-hundred day moving average price of $150.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The stock has a market cap of $52.53 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.14. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.86 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.60%. TE Connectivity's payout ratio is presently 62.42%.

TE Connectivity Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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