BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $37.72 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 61.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,753 shares of the electronics maker's stock after selling 395,833 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.08% of TE Connectivity worth $37,721,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Simplicity Wealth LLC grew its holdings in TE Connectivity by 2.7% during the 2nd quarter. Simplicity Wealth LLC now owns 2,509 shares of the electronics maker's stock valued at $377,000 after purchasing an additional 67 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in TE Connectivity by 2.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker's stock valued at $432,000 after purchasing an additional 68 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in TE Connectivity by 3.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,835 shares of the electronics maker's stock valued at $267,000 after acquiring an additional 69 shares during the last quarter. Manchester Capital Management LLC boosted its stake in TE Connectivity by 5.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker's stock valued at $207,000 after acquiring an additional 73 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in TE Connectivity by 0.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 13,326 shares of the electronics maker's stock valued at $1,935,000 after acquiring an additional 75 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday. Bank of America increased their price objective on shares of TE Connectivity from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Hsbc Global Res upgraded shares of TE Connectivity to a "hold" rating in a research report on Wednesday, July 24th. Truist Financial raised their price target on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Finally, Wolfe Research upgraded shares of TE Connectivity from a "peer perform" rating to an "outperform" rating in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $158.73.

TE Connectivity Stock Performance

Shares of TEL stock traded up $0.07 during trading hours on Tuesday, reaching $148.56. The stock had a trading volume of 508,762 shares, compared to its average volume of 1,882,372. 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 Ltd. has a twelve month low of $115.00 and a twelve month high of $159.98. The firm has a 50-day simple moving average of $149.43 and a 200-day simple moving average of $147.53. The firm has a market capitalization of $45.49 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the firm's stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares of the company's stock, valued at approximately $3,186,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares of the company's stock, valued at approximately $3,186,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of TE Connectivity 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 in the company, valued at approximately $3,942,663.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,363 shares of company stock valued at $11,042,161. Company insiders own 0.86% of the company's stock.

TE Connectivity 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.