Bradley Foster & Sargent Inc. CT trimmed its position in shares of TE Connectivity Ltd (NYSE:TEL) by 3.4% during the 1st quarter, HoldingsChannel reports. The fund owned 59,583 shares of the electronics maker’s stock after selling 2,081 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in TE Connectivity were worth $4,811,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TEL. Riverview Trust Co bought a new stake in TE Connectivity during the 4th quarter valued at approximately $25,000. Taylor Hoffman Wealth Management boosted its position in TE Connectivity by 432.8% during the 4th quarter. Taylor Hoffman Wealth Management now owns 357 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 290 shares in the last quarter. First Interstate Bank bought a new stake in TE Connectivity during the 1st quarter valued at approximately $32,000. Legacy Advisors LLC bought a new stake in TE Connectivity during the 1st quarter valued at approximately $33,000. Finally, Oregon Public Employees Retirement Fund boosted its position in TE Connectivity by 7,370.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,870,688 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 2,832,263 shares in the last quarter. 91.56% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Eric Resch sold 34,050 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $82.70, for a total value of $2,815,935.00. Following the completion of the transaction, the senior vice president now directly owns 68,790 shares in the company, valued at approximately $5,688,933. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas J. Lynch sold 68,516 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $95.36, for a total transaction of $6,533,685.76. Following the completion of the transaction, the director now owns 234,398 shares of the company’s stock, valued at $22,352,193.28. The disclosure for this sale can be found here. Insiders have sold 346,341 shares of company stock valued at $32,256,714 over the last quarter. Company insiders own 0.80% of the company’s stock.

TEL has been the topic of several research reports. Zacks Investment Research cut TE Connectivity from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. ValuEngine cut TE Connectivity from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, HC Wainwright reiterated a “sell” rating on shares of TE Connectivity in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $94.43.

TEL stock opened at $93.75 on Tuesday. TE Connectivity Ltd has a 52-week low of $69.84 and a 52-week high of $99.52. The company has a market cap of $32.22 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. The company has a quick ratio of 0.90, a current ratio of 1.41 and a debt-to-equity ratio of 0.34.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 24th. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.15. TE Connectivity had a net margin of 20.17% and a return on equity of 18.78%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the business earned $1.42 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. Sell-side analysts predict that TE Connectivity Ltd will post 5.61 EPS for the current year.

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TE Connectivity Company 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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