Commonwealth Equity Services Inc decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 9.1% during the third quarter, Holdings Channel reports. The fund owned 11,468 shares of the company’s stock after selling 1,151 shares during the period. Commonwealth Equity Services Inc’s holdings in TE Connectivity were worth $738,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. HL Financial Services LLC boosted its stake in TE Connectivity by 4.1% in the second quarter. HL Financial Services LLC now owns 1,257,346 shares of the company’s stock worth $71,807,000 after buying an additional 49,697 shares in the last quarter. BB&T Corp boosted its stake in TE Connectivity by 1,159.1% in the second quarter. BB&T Corp now owns 300,055 shares of the company’s stock worth $17,137,000 after buying an additional 276,224 shares in the last quarter. John G Ullman & Associates Inc. boosted its stake in TE Connectivity by 7.3% in the third quarter. John G Ullman & Associates Inc. now owns 137,300 shares of the company’s stock worth $8,839,000 after buying an additional 9,400 shares in the last quarter. Todd Asset Management LLC boosted its stake in TE Connectivity by 29.7% in the second quarter. Todd Asset Management LLC now owns 724,333 shares of the company’s stock worth $41,366,000 after buying an additional 165,815 shares in the last quarter. Finally, PGGM Investments boosted its stake in TE Connectivity by 76.3% in the second quarter. PGGM Investments now owns 751,144 shares of the company’s stock worth $42,898,000 after buying an additional 325,170 shares in the last quarter. 89.95% of the stock is currently 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 0.67% on Friday, reaching $69.61. The company’s stock had a trading volume of 931,765 shares. The company has a 50 day moving average of $69.35 and a 200 day moving average of $63.83. TE Connectivity Ltd. has a 1-year low of $51.70 and a 1-year high of $71.87. The stock has a market capitalization of $24.74 billion, a P/E ratio of 12.79 and a beta of 1.19.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. TE Connectivity had a return on equity of 18.39% and a net margin of 16.42%. The company earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that TE Connectivity Ltd. will post $4.35 earnings per share for the current fiscal year.

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TEL has been the topic of a number of research analyst reports. Morgan Stanley reissued a “buy” rating on shares of TE Connectivity in a research note on Tuesday, September 20th. Longbow Research raised shares of TE Connectivity from a “neutral” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of TE Connectivity from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th. RBC Capital Markets reissued an “outperform” rating and issued a $66.00 price target (up previously from $65.00) on shares of TE Connectivity in a research note on Thursday, November 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of TE Connectivity from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $65.25.

In other TE Connectivity news, COO Joseph B. Donahue sold 32,188 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $66.90, for a total value of $2,153,377.20. Following the completion of the sale, the chief operating officer now owns 43,694 shares of the company’s stock, valued at $2,923,128.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas J. Lynch sold 123,633 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $63.07, for a total value of $7,797,533.31. Following the completion of the sale, the chief executive officer now directly owns 507,812 shares of the company’s stock, valued at approximately $32,027,702.84. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.

About TE Connectivity

TE Connectivity Ltd. is a technology company, which designs and manufactures connectivity and sensors solutions. The Company operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Company’s segments manufacture and distribute its products and solutions to a range of end markets.

5 Day Chart for NYSE:TEL

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