TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Marshall Financial Group LLC

Marshall Financial Group LLC grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,734 shares of the electronics maker’s stock after buying an additional 122 shares during the period. Marshall Financial Group LLC’s holdings in TE Connectivity were worth $1,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. grew its position in TE Connectivity by 112.4% during the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc increased its position in TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 128 shares in the last quarter. Olistico Wealth LLC purchased a new position in TE Connectivity in the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. lifted its position in TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock valued at $34,000 after buying an additional 150 shares in the last quarter. Finally, Bank & Trust Co purchased a new stake in TE Connectivity during the second quarter worth approximately $35,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

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

TE Connectivity Price Performance

TEL opened at $147.87 on Friday. The company has a 50-day moving average of $147.90 and a 200-day moving average of $148.12. The company has a market capitalization of $44.94 billion, a P/E ratio of 13.30, a PEG ratio of 1.91 and a beta of 1.33. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $159.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. Equities analysts expect that TE Connectivity Ltd. will post 7.56 EPS for the current fiscal year.

Analyst Ratings Changes

TEL has been the topic of several recent research reports. Wells Fargo & Company reduced their target price on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, September 20th. Bank of America decreased their target price on TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a report on Wednesday, July 24th. Vertical Research initiated coverage on shares of TE Connectivity in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price objective for the company. Finally, StockNews.com began coverage on shares of TE Connectivity in a research report on Tuesday. They set a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and an average price target of $161.82.

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.