TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 287,942 shares of the electronics maker's stock after purchasing an additional 58,219 shares during the period. Russell Investments Group Ltd. owned about 0.09% of TE Connectivity worth $41,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TEL. JFS Wealth Advisors LLC boosted its stake in TE Connectivity by 97.8% during the 4th 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. boosted its position in shares of TE Connectivity by 112.4% during the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker's stock worth $27,000 after buying an additional 100 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth approximately $30,000. Godsey & Gibb Inc. grew its holdings in TE Connectivity by 103.6% in 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 in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in TE Connectivity in the 4th quarter valued at approximately $33,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the sale, the director now directly owns 5,917 shares of the company's stock, valued at $837,196.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction 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 hyperlink. Also, Director Mark Trudeau sold 7,044 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the sale, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,794 shares of company stock valued at $3,102,206. 0.86% of the stock is currently owned by company insiders.

TE Connectivity Stock Performance

TE Connectivity stock traded up $3.49 during trading hours on Tuesday, hitting $159.67. The stock had a trading volume of 2,015,926 shares, compared to its average volume of 1,933,914. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $159.75. The company has a market cap of $48.90 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. The company has a 50-day moving average of $149.93 and a two-hundred day moving average of $144.05. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The business's revenue was down 4.6% on a year-over-year basis. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 7.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a "buy" rating and a $180.00 target price for the company. Robert W. Baird dropped their price target on shares of TE Connectivity from $159.00 to $158.00 and set an "outperform" rating on the stock in a research report on Thursday, April 25th. Wells Fargo & Company reduced 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 report on Tuesday, June 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of TE Connectivity from $170.00 to $169.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $155.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.