Czech National Bank Purchases 4,022 Shares of TE Connectivity Ltd. (NYSE:TEL)

Czech National Bank boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,355 shares of the electronics maker’s stock after purchasing an additional 4,022 shares during the period. Czech National Bank’s holdings in TE Connectivity were worth $8,778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TEL. Price T Rowe Associates Inc. MD raised its stake in TE Connectivity by 54.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock worth $2,265,218,000 after acquiring an additional 5,526,230 shares in the last quarter. Norges Bank acquired a new stake in TE Connectivity in the fourth quarter valued at approximately $693,985,000. Massachusetts Financial Services Co. MA increased its holdings in shares of TE Connectivity by 2.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,632,809 shares of the electronics maker’s stock worth $650,910,000 after buying an additional 111,340 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of TE Connectivity by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker’s stock valued at $510,015,000 after acquiring an additional 403,750 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in TE Connectivity by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,835,064 shares of the electronics maker’s stock worth $398,342,000 after acquiring an additional 343,205 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TEL. Vertical Research started coverage on TE Connectivity in a research note on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price target on the stock. 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, July 25th. HSBC cut 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. JPMorgan Chase & Co. cut their price target on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Finally, Wells Fargo & Company reduced their price objective on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, TE Connectivity has an average rating of “Hold” and an average target price of $158.45.

Insider Transactions at TE Connectivity

In other news, CFO Heath A. Mitts sold 59,700 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 38,073 shares in the company, valued at approximately $5,889,893.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at approximately $5,889,893.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $450,320.67. Following the transaction, the senior vice president now owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The disclosure for this sale can be found here. Insiders have sold 76,363 shares of company stock worth $11,791,461 in the last ninety days. Company insiders own 0.86% of the company’s stock.

TE Connectivity Stock Up 0.9 %

TEL traded up $1.34 during mid-day trading on Monday, reaching $145.33. 274,286 shares of the stock were exchanged, compared to its average volume of 1,950,606. 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 50 day moving average price of $150.66 and a two-hundred day moving average price of $146.29. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $159.98. The stock has a market capitalization of $44.50 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $4 billion for 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 revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. As a group, research analysts anticipate that TE Connectivity Ltd. will post 7.56 EPS for the current year.

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.