Olistico Wealth LLC Acquires New Position in TE Connectivity Ltd. (NYSE:TEL)

Olistico Wealth LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 200 shares of the electronics maker’s stock, valued at approximately $30,000.

Several other institutional investors also recently bought and sold shares of the business. Trust Co. of Vermont increased its stake in TE Connectivity by 6.3% in the second quarter. Trust Co. of Vermont now owns 2,462 shares of the electronics maker’s stock valued at $370,000 after purchasing an additional 146 shares during the last quarter. Bank & Trust Co acquired a new position in shares of TE Connectivity during the 2nd quarter valued at about $35,000. Versant Capital Management Inc lifted its holdings in shares of 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 acquiring an additional 128 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of TE Connectivity in the second quarter worth approximately $86,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in TE Connectivity by 4.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 34,563 shares of the electronics maker’s stock valued at $5,199,000 after purchasing an additional 1,361 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com started coverage on TE Connectivity in a research report on Sunday. They set a “buy” rating for the company. Bank of America boosted their target price on TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Robert W. Baird raised their target price on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Vertical Research started coverage on TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price target on the stock. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, TE Connectivity presently has an average rating of “Hold” and an average target price of $158.45.

TE Connectivity Trading Down 0.7 %

TEL stock traded down $0.96 during midday trading on Wednesday, hitting $141.97. 2,466,003 shares of the company’s stock were exchanged, compared to its average volume of 1,965,867. TE Connectivity Ltd. has a one year low of $115.00 and a one 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. The company has a market cap of $43.48 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33. The stock’s fifty day moving average price is $150.99 and its 200-day moving average price is $146.17.

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

Insider Buying and Selling at TE Connectivity

In related news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was 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 directly owns 25,504 shares in the company, valued at approximately $3,942,663.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value 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 approximately $5,889,893.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now directly owns 25,504 shares in the company, valued at $3,942,663.36. The disclosure for this sale can be found here. Insiders have sold a total of 76,363 shares of company stock valued at $11,791,461 in the last three months. 0.86% of the stock is currently owned by company insiders.

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.