SYM FINANCIAL Corp Makes New $238,000 Investment in TE Connectivity Ltd. (NYSE:TEL)

SYM FINANCIAL Corp purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,584 shares of the electronics maker’s stock, valued at approximately $238,000.

Several other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in TE Connectivity by 184.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock worth $6,163,000 after acquiring an additional 28,449 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in TE Connectivity by 17.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock worth $52,456,000 after purchasing an additional 52,824 shares during the period. Russell Investments Group Ltd. lifted its position in TE Connectivity by 25.3% during the first quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock valued at $41,811,000 after purchasing an additional 58,219 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in TE Connectivity by 72.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock valued at $46,537,000 after purchasing an additional 135,548 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in TE Connectivity in the second quarter worth about $15,847,000. Institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the transaction, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction 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 $3,942,663.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 59,700 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 38,073 shares in the company, valued at $5,889,893.10. The disclosure for this sale can be found here. Insiders sold 71,363 shares of company stock valued at $11,042,161 over the last three months. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. Bank of America lifted their price target 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. StockNews.com began coverage on shares of TE Connectivity in a report on Friday. They set a “buy” rating on the stock. Truist Financial lifted their price target on shares of TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Finally, Wolfe Research raised shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $158.45.

TE Connectivity Trading Down 0.1 %

Shares of TEL opened at $144.13 on Friday. The company’s fifty day moving average is $150.21 and its 200 day moving average is $147.24. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $159.98. The stock has a market capitalization of $43.80 billion, a PE ratio of 13.19, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51.

TE Connectivity (NYSE:TEL) last announced 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. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the business posted $1.77 earnings per share. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts expect that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

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.