TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 2.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,111 shares of the electronics maker’s stock after purchasing an additional 8,779 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in TE Connectivity were worth $47,364,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its position in shares of TE Connectivity by 97.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $30,000. Godsey & Gibb Inc. raised its holdings in shares of TE Connectivity by 103.6% in the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 114 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of TE Connectivity during the 4th quarter worth $33,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TEL shares. Bank of America lifted their price target on TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com initiated coverage on TE Connectivity in a report on Thursday, July 11th. They issued a “buy” rating for the company. JPMorgan Chase & Co. cut their price objective on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Robert W. Baird lowered their target price on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Wells Fargo & Company cut their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average price target of $156.78.

TE Connectivity Stock Performance

Shares of TEL traded up $1.59 during mid-day trading on Thursday, hitting $158.64. 254,017 shares of the company’s stock were exchanged, compared to its average volume of 1,924,203. The firm has a market capitalization of $48.58 billion, a P/E ratio of 14.37, a P/E/G ratio of 2.35 and a beta of 1.33. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $159.75. The business’s 50 day moving average is $150.51 and its two-hundred day moving average is $144.28. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.65 EPS. On average, equities analysts expect that TE Connectivity Ltd. will post 7.5 earnings per share for the current year.

Insider Transactions at TE Connectivity

In related news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. In the last three months, insiders sold 20,794 shares of company stock valued at $3,102,206. Corporate insiders own 0.86% of the company’s stock.

TE Connectivity 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.