Atlas Capital Advisors LLC Sells 715 Shares of TE Connectivity Ltd. (NYSE:TEL)

Atlas Capital Advisors LLC trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 8.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,939 shares of the electronics maker’s stock after selling 715 shares during the period. Atlas Capital Advisors LLC’s holdings in TE Connectivity were worth $1,194,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. International Assets Investment Management LLC bought a new stake in shares of TE Connectivity in the fourth quarter worth $10,759,000. Atria Wealth Solutions Inc. increased its position in TE Connectivity by 37.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,457 shares of the electronics maker’s stock worth $2,031,000 after buying an additional 3,974 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of TE Connectivity by 39.1% in the fourth quarter. Russell Investments Group Ltd. now owns 229,723 shares of the electronics maker’s stock worth $32,299,000 after buying an additional 64,572 shares during the period. Van ECK Associates Corp lifted its position in shares of TE Connectivity by 4.8% during the 4th quarter. Van ECK Associates Corp now owns 42,465 shares of the electronics maker’s stock valued at $5,966,000 after buying an additional 1,947 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in shares of TE Connectivity by 139.4% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 4,469 shares of the electronics maker’s stock valued at $628,000 after acquiring an additional 2,602 shares during the period. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the transaction, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. Insiders sold 76,363 shares of company stock worth $11,791,461 in the last 90 days. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of analyst reports. Vertical Research began coverage on TE Connectivity in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target for the company. Truist Financial boosted their price target on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their price objective on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Finally, Robert W. Baird increased their price target on TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, TE Connectivity has a consensus rating of “Hold” and an average price target of $158.45.

TE Connectivity Stock Up 1.4 %

NYSE:TEL traded up $2.11 during midday trading on Friday, reaching $153.60. 1,344,171 shares of the stock traded hands, compared to its average volume of 1,896,864. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $159.98. The business has a 50-day moving average of $150.70 and a two-hundred day moving average of $146.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. The stock has a market capitalization of $46.68 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last issued its quarterly 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 business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share. On average, equities analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

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.