490 Shares in TE Connectivity Ltd. (NYSE:TEL) Bought by LRI Investments LLC

LRI Investments LLC acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 490 shares of the electronics maker’s stock, valued at approximately $72,000.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its stake in TE Connectivity by 2.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 65,166 shares of the electronics maker’s stock worth $9,156,000 after purchasing an additional 1,685 shares during the last quarter. Pacer Advisors Inc. raised its stake in TE Connectivity by 12.7% during the fourth quarter. Pacer Advisors Inc. now owns 25,834 shares of the electronics maker’s stock worth $3,630,000 after acquiring an additional 2,918 shares in the last quarter. IFG Advisory LLC lifted its holdings in shares of TE Connectivity by 4.0% in the fourth quarter. IFG Advisory LLC now owns 2,960 shares of the electronics maker’s stock worth $416,000 after acquiring an additional 115 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of TE Connectivity during the 4th quarter valued at approximately $585,000. Finally, Caprock Group LLC increased its position in TE Connectivity by 1.6% during the 4th quarter. Caprock Group LLC now owns 5,581 shares of the electronics maker’s stock worth $784,000 after purchasing an additional 88 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the company’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 transaction, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s 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 in the company, valued at $3,892,763.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,794 shares of company stock valued at $3,102,206. 0.86% of the stock is owned by company insiders.

TE Connectivity Stock Up 1.2 %

NYSE TEL traded up $1.84 on Friday, hitting $156.38. 1,185,249 shares of the company were exchanged, compared to its average volume of 1,861,097. The stock has a fifty day moving average of $151.23 and a 200-day moving average of $145.19. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $159.98. The company has a market cap of $47.89 billion, a PE ratio of 14.31, a PEG ratio of 2.13 and a beta of 1.33. The company has a current ratio of 1.51, a quick ratio of 0.92 and a debt-to-equity ratio of 0.23.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. As a group, analysts forecast that TE Connectivity Ltd. will post 7.55 earnings per share for the current year.

Analyst Ratings Changes

TEL has been the subject of several research analyst reports. Jefferies Financial Group started coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. Bank of America raised their price objective on shares of TE Connectivity from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Robert W. Baird raised their price target on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, StockNews.com started coverage on shares of TE Connectivity in a research note on Saturday. They issued a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, TE Connectivity presently has a consensus rating of “Hold” and a consensus price target of $158.45.

About TE Connectivity

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.