Boston Trust Walden Corp Decreases Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Boston Trust Walden Corp trimmed its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,400 shares of the electronics maker's stock after selling 13,797 shares during the quarter. Boston Trust Walden Corp owned approximately 0.12% of TE Connectivity worth $55,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TEL. Simplicity Wealth LLC grew its holdings in TE Connectivity by 2.7% during the second 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 during the period. Silvercrest Asset Management Group LLC increased its holdings in TE Connectivity by 2.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker's stock worth $432,000 after acquiring an additional 68 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in TE Connectivity by 3.9% in 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 period. Manchester Capital Management LLC lifted its holdings in TE Connectivity by 5.4% during the first quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker's stock valued at $207,000 after purchasing an additional 73 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in TE Connectivity by 0.6% during the first quarter. Miracle Mile Advisors LLC now owns 13,326 shares of the electronics maker's stock worth $1,935,000 after purchasing an additional 75 shares during the period. 91.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on TEL shares. HSBC downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating and set a $162.00 price objective for the company. in a report on Wednesday, July 24th. Bank of America reduced their price target on TE Connectivity from $173.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Truist Financial increased their price objective on TE Connectivity from $151.00 to $156.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. Hsbc Global Res raised TE Connectivity to a "hold" rating in a report on Wednesday, July 24th. Finally, StockNews.com began coverage on shares of TE Connectivity in a report on Wednesday. They issued a "buy" rating on the stock. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $161.82.

Insider Activity

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 stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the completion of the sale, the chief financial officer now owns 38,073 shares in the company, valued at $5,889,893.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Robert J. Ott sold 2,913 shares of the business's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares of the company's stock, valued at approximately $3,942,663.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total value of $9,235,590.00. Following the sale, the chief financial officer now owns 38,073 shares of the company's stock, valued at $5,889,893.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

TE Connectivity Price Performance

Shares of NYSE:TEL traded up $2.26 during trading on Friday, reaching $149.13. The company had a trading volume of 1,277,666 shares, compared to its average volume of 1,844,925. The company has a fifty day moving average of $148.02 and a two-hundred day moving average of $148.25. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $45.67 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.33. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $159.98.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm earned $1.77 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Equities research analysts forecast 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.