Massmutual Trust Co. FSB ADV Increases Stake in TE Connectivity Ltd. (NYSE:TEL)

Massmutual Trust Co. FSB ADV grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.1% in the second quarter, HoldingsChannel reports. The fund owned 34,563 shares of the electronics maker’s stock after purchasing an additional 1,361 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in TE Connectivity were worth $5,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of TE Connectivity during the fourth quarter worth about $10,759,000. Tower Research Capital LLC TRC boosted its position in shares of TE Connectivity by 184.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock worth $6,163,000 after acquiring an additional 28,449 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in TE Connectivity by 17.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock valued at $52,456,000 after acquiring an additional 52,824 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in TE Connectivity by 25.3% in the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock valued at $41,811,000 after acquiring an additional 58,219 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in TE Connectivity by 72.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after purchasing an additional 135,548 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TEL. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. Vertical Research initiated coverage on TE Connectivity in a report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 target price for the company. StockNews.com started coverage on TE Connectivity in a research report on Sunday. They issued a “buy” rating on the stock. Truist Financial upped their price objective on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company lowered their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, TE Connectivity presently has an average rating of “Hold” and an average target price of $158.45.

Insider Buying and Selling

In other news, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the transaction, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Robert J. Ott sold 2,913 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the transaction, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the sale, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,363 shares of company stock valued at $11,791,461. 0.86% of the stock is owned by company insiders.

TE Connectivity Stock Performance

NYSE:TEL traded down $1.96 during mid-day trading on Monday, hitting $143.44. The company’s stock had a trading volume of 2,108,410 shares, compared to its average volume of 1,963,044. The business’s fifty day moving average is $151.29 and its two-hundred day moving average is $146.00. The stock has a market cap of $43.59 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.98 and a beta of 1.33. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $159.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $1.77 EPS. The business’s revenue was up .1% on a year-over-year basis. Analysts anticipate that TE Connectivity Ltd. will post 7.56 EPS for the current fiscal year.

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.