Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in TE Connectivity Ltd (NYSE:TEL) by 33.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,779 shares of the electronics maker’s stock after selling 2,351 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in TE Connectivity were worth $458,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of TE Connectivity by 4.3% during the 2nd quarter. BlackRock Inc. now owns 16,809,367 shares of the electronics maker’s stock worth $1,610,001,000 after purchasing an additional 698,506 shares in the last quarter. State Street Corp boosted its position in shares of TE Connectivity by 0.9% during the 3rd quarter. State Street Corp now owns 12,623,826 shares of the electronics maker’s stock worth $1,176,288,000 after purchasing an additional 118,481 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of TE Connectivity by 75.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,783,817 shares of the electronics maker’s stock worth $352,576,000 after purchasing an additional 1,622,398 shares in the last quarter. Findlay Park Partners LLP boosted its position in shares of TE Connectivity by 16.2% during the 3rd quarter. Findlay Park Partners LLP now owns 1,900,494 shares of the electronics maker’s stock worth $177,088,000 after purchasing an additional 265,000 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of TE Connectivity by 19,806.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,570,836 shares of the electronics maker’s stock worth $150,455,000 after purchasing an additional 1,562,945 shares in the last quarter. 90.69% of the stock is currently owned by institutional investors.

TEL has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on shares of TE Connectivity in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. Citigroup lowered shares of TE Connectivity from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $95.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of TE Connectivity from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $98.00 to $117.00 in a research report on Tuesday. Zacks Investment Research lowered shares of TE Connectivity from a “hold” rating to a “sell” rating and set a $97.00 price objective on the stock. in a research report on Monday, October 21st. Finally, ValuEngine upgraded shares of TE Connectivity from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $100.85.

TE Connectivity stock opened at $100.37 on Friday. TE Connectivity Ltd has a 52 week low of $75.62 and a 52 week high of $100.78. The company has a quick ratio of 1.05, a current ratio of 1.57 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $96.07 and its 200 day simple moving average is $92.97. The firm has a market capitalization of $33.08 billion, a PE ratio of 18.52, a P/E/G ratio of 1.81 and a beta of 1.14.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.27 billion. TE Connectivity had a net margin of 13.71% and a return on equity of 18.20%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. On average, research analysts expect that TE Connectivity Ltd will post 5.12 EPS for the current fiscal year.

In other TE Connectivity news, EVP John S. Jenkins sold 9,835 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $94.11, for a total value of $925,571.85. Following the transaction, the executive vice president now directly owns 45,430 shares in the company, valued at approximately $4,275,417.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Terrence R. Curtin sold 34,853 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $94.11, for a total transaction of $3,280,015.83. Following the completion of the transaction, the director now owns 164,332 shares in the company, valued at $15,465,284.52. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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