Thurston Springer Miller Herd & Titak Inc. Makes New Investment in TE Connectivity Ltd. (NYSE:TEL)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 574 shares of the electronics maker’s stock, valued at approximately $86,000.

A number of other large investors also recently modified their holdings of TEL. JFS Wealth Advisors LLC increased its holdings in TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of 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 buying an additional 100 shares during the period. Godsey & Gibb Inc. boosted its position in TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after buying an additional 114 shares during the period. Crewe Advisors LLC bought a new position in TE Connectivity during the 4th quarter worth $33,000. Finally, Sachetta LLC bought a new stake in TE Connectivity during the fourth quarter valued at $34,000. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a research note on Wednesday, July 24th. Truist Financial boosted their target price on shares of TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird upped their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company decreased their target price on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, TE Connectivity has an average rating of “Hold” and a consensus price target of $158.45.

Insider Activity

In related news, insider Terrence R. Curtin 218,500 shares of the company’s stock in a transaction on Monday, July 29th. The was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the transaction, the chief financial officer now owns 38,073 shares of the company’s stock, valued at $5,889,893.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Terrence R. Curtin 218,500 shares of the firm’s stock in a transaction on Monday, July 29th. The disclosure for this trade can be found here. Insiders sold 76,363 shares of company stock valued at $11,791,461 in the last three months. Company insiders own 0.86% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL stock traded up $2.10 during trading on Wednesday, hitting $145.03. The company’s stock had a trading volume of 100,926 shares, compared to its average volume of 1,950,221. The business has a fifty day moving average of $150.99 and a 200-day moving average of $146.17. The company has a market cap of $44.41 billion, a PE ratio of 13.08, a P/E/G ratio of 1.98 and a beta of 1.33. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $159.98. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm earned $1.77 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that TE Connectivity Ltd. will post 7.56 earnings per share for the current year.

TE Connectivity Company Profile

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.