Truvestments Capital LLC Has $106,000 Stake in TE Connectivity Ltd. (NYSE:TEL)

Truvestments Capital LLC trimmed its position in TE Connectivity Ltd. (NYSE:TEL) by 18.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 728 shares of the electronics maker’s stock after selling 160 shares during the quarter. Truvestments Capital LLC’s holdings in TE Connectivity were worth $106,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity 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 transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,892,763.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the sale, the director now directly owns 5,917 shares in the company, valued at approximately $837,196.33. The disclosure for this sale can be found here. Insiders have sold 20,794 shares of company stock worth $3,102,206 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TEL. StockNews.com began coverage on TE Connectivity in a research note on Saturday. They issued a “buy” rating for the company. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Vertical Research initiated coverage on TE Connectivity in a report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $158.45.

TE Connectivity Trading Up 1.2 %

TEL traded up $1.84 during midday trading on Friday, reaching $156.38. 1,185,249 shares of the company were exchanged, compared to its average volume of 1,861,097. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $159.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 1.51. The stock has a market capitalization of $47.89 billion, a P/E ratio of 14.31, a PEG ratio of 2.13 and a beta of 1.33. The stock’s 50-day simple moving average is $151.23 and its 200 day simple moving average is $145.19.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the business posted $1.77 EPS. TE Connectivity’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts forecast that TE Connectivity Ltd. will post 7.55 earnings per share 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.