TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC trimmed its stake in TE Connectivity Ltd. (NYSE:TEL) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,353 shares of the electronics maker’s stock after selling 129 shares during the quarter. Personal CFO Solutions LLC’s holdings in TE Connectivity were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TEL. Concurrent Investment Advisors LLC raised its holdings in shares of TE Connectivity by 6.4% in the third quarter. Concurrent Investment Advisors LLC now owns 1,956 shares of the electronics maker’s stock worth $295,000 after acquiring an additional 117 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of TE Connectivity in the third quarter valued at $213,000. Assetmark Inc. grew its position in shares of TE Connectivity by 11.9% in the third quarter. Assetmark Inc. now owns 2,266 shares of the electronics maker’s stock valued at $342,000 after purchasing an additional 241 shares during the period. Lindbrook Capital LLC grew its position in shares of TE Connectivity by 160.6% in the third quarter. Lindbrook Capital LLC now owns 1,665 shares of the electronics maker’s stock valued at $251,000 after purchasing an additional 1,026 shares during the period. Finally, Tyler Stone Wealth Management grew its position in shares of TE Connectivity by 11.3% in the third quarter. Tyler Stone Wealth Management now owns 2,020 shares of the electronics maker’s stock valued at $305,000 after purchasing an additional 205 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $148.25 on Tuesday. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The business has a 50-day moving average of $148.41 and a 200-day moving average of $148.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The company has a market capitalization of $44.23 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective for the company in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Citigroup lifted their price objective on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Robert W. Baird boosted their price target on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TE Connectivity has a consensus rating of “Hold” and a consensus target price of $167.00.

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.