BB&T Corp raised its position in TE Connectivity Ltd. (NYSE:TEL) by 1,159.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,055 shares of the company’s stock after buying an additional 276,224 shares during the period. BB&T Corp owned approximately 0.08% of TE Connectivity worth $17,137,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of TE Connectivity by 106.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,274 shares of the company’s stock worth $130,000 after buying an additional 1,174 shares during the period. Financial Architects Inc raised its position in shares of TE Connectivity by 41.9% in the second quarter. Financial Architects Inc now owns 2,416 shares of the company’s stock worth $138,000 after buying an additional 713 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of TE Connectivity by 0.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,594 shares of the company’s stock worth $148,000 after buying an additional 19 shares during the period. Signaturefd LLC raised its position in shares of TE Connectivity by 8.5% in the second quarter. Signaturefd LLC now owns 3,208 shares of the company’s stock worth $183,000 after buying an additional 252 shares during the period. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of TE Connectivity during the second quarter worth about $214,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

Shares of TE Connectivity Ltd. (NYSE:TEL) traded up 1.06% during midday trading on Wednesday, hitting $61.94. The stock had a trading volume of 336,058 shares. The stock has a market cap of $22.02 billion, a PE ratio of 9.04 and a beta of 1.41. TE Connectivity Ltd. has a 52 week low of $51.70 and a 52 week high of $67.99. The stock has a 50-day moving average of $62.91 and a 200 day moving average of $60.85.

A number of brokerages recently issued reports on TEL. Zacks Investment Research lowered TE Connectivity from a “hold” rating to a “sell” rating in a report on Monday, September 26th. RBC Capital Markets restated an “outperform” rating and issued a $65.00 target price (up from $63.00) on shares of TE Connectivity in a research report on Thursday, July 21st. Royal Bank Of Canada cut their target price on TE Connectivity from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Friday, July 1st. Finally, Morgan Stanley restated a “buy” rating on shares of TE Connectivity in a research report on Tuesday, September 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. TE Connectivity currently has an average rating of “Buy” and a consensus price target of $64.33.

In other news, CEO Thomas J. Lynch sold 123,635 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $62.78, for a total transaction of $7,761,805.30. Following the completion of the sale, the chief executive officer now owns 507,776 shares of the company’s stock, valued at $31,878,177.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joseph B. Donahue sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $63.78, for a total transaction of $637,800.00. Following the sale, the chief operating officer now directly owns 38,825 shares of the company’s stock, valued at approximately $2,476,258.50. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing.

5 Day Chart for NYSE:TEL

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