TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. trimmed its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,619 shares of the electronics maker’s stock after selling 70 shares during the quarter. Cascade Investment Group Inc.’s holdings in TE Connectivity were worth $244,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its holdings in TE Connectivity by 97.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. grew its holdings in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc grew its holdings in TE Connectivity by 209.8% in the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 128 shares during the period. Olistico Wealth LLC purchased a new stake in TE Connectivity in the second quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. grew its holdings in TE Connectivity by 103.6% in the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 114 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Down 0.9 %

Shares of TEL stock traded down $1.30 on Wednesday, hitting $145.13. The stock had a trading volume of 1,254,336 shares, compared to its average volume of 1,945,173. The firm has a market capitalization of $44.11 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.96 and a beta of 1.33. The stock’s 50 day moving average is $150.53 and its 200-day moving average is $146.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $159.98.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. As a group, research analysts expect that TE Connectivity Ltd. will post 7.56 earnings per share for the current year.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Aaron Kyle Stucki sold 8,750 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The disclosure for this sale can be found here. Insiders have sold 76,363 shares of company stock valued at $11,791,461 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TEL shares. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Vertical Research started coverage on shares of TE Connectivity in a research note on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price objective for the company. Robert W. Baird boosted their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com started coverage on shares of TE Connectivity in a research note on Monday. They set a “buy” rating for the company. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $158.45.

About TE Connectivity

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.