Nippon Life Insurance Co. decreased its position in TE Connectivity Ltd (NYSE:TEL) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,246 shares of the electronics maker’s stock after selling 3,053 shares during the period. Nippon Life Insurance Co.’s holdings in TE Connectivity were worth $1,658,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TEL. Becker Capital Management Inc. raised its position in shares of TE Connectivity by 0.8% in the third quarter. Becker Capital Management Inc. now owns 605,062 shares of the electronics maker’s stock worth $38,954,000 after buying an additional 4,640 shares in the last quarter. Huntington National Bank raised its position in shares of TE Connectivity by 560.3% in the third quarter. Huntington National Bank now owns 10,004 shares of the electronics maker’s stock worth $644,000 after buying an additional 8,489 shares in the last quarter. APG Asset Management N.V. raised its position in shares of TE Connectivity by 41.8% in the third quarter. APG Asset Management N.V. now owns 1,120,769 shares of the electronics maker’s stock worth $72,155,000 after buying an additional 330,212 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of TE Connectivity by 1.3% in the third quarter. Wells Fargo & Company MN now owns 1,997,517 shares of the electronics maker’s stock worth $128,600,000 after buying an additional 25,948 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of TE Connectivity by 87.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 53,685 shares of the electronics maker’s stock worth $3,456,000 after buying an additional 25,078 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

TE Connectivity Ltd (NYSE:TEL) traded down 0.69% during trading on Friday, reaching $73.61. 2,348,144 shares of the company’s stock traded hands. TE Connectivity Ltd has a one year low of $54.54 and a one year high of $76.77. The company has a 50-day moving average price of $74.23 and a 200 day moving average price of $70.17. The firm has a market capitalization of $26.15 billion, a PE ratio of 12.88 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 25th. The electronics maker reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.15. TE Connectivity had a net margin of 16.56% and a return on equity of 19.26%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that TE Connectivity Ltd will post $4.43 earnings per share for the current fiscal year.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, March 2nd. Stifel Nicolaus upped their target price on shares of TE Connectivity from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of TE Connectivity in a research report on Tuesday, March 28th. Cowen and Company assumed coverage on shares of TE Connectivity in a research report on Tuesday, March 21st. They set an “outperform” rating and a $90.00 target price for the company. Finally, Goldman Sachs Group Inc lowered shares of TE Connectivity from a “neutral” rating to a “sell” rating and upped their target price for the stock from $63.00 to $64.00 in a research report on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $77.67.

In other TE Connectivity news, insider Terrence R. Curtin sold 150,000 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $75.03, for a total value of $11,254,500.00. Following the transaction, the insider now directly owns 165,181 shares in the company, valued at $12,393,530.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas J. Lynch sold 131,875 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $73.60, for a total transaction of $9,706,000.00. Following the completion of the transaction, the insider now owns 450,662 shares in the company, valued at $33,168,723.20. The disclosure for this sale can be found here. Insiders have sold 596,255 shares of company stock worth $44,499,970 over the last 90 days. Insiders own 1.49% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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