DekaBank Deutsche Girozentrale Trims Holdings in TE Connectivity Ltd. (NYSE:TEL)

DekaBank Deutsche Girozentrale reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 972,857 shares of the electronics maker's stock after selling 23,874 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.32% of TE Connectivity worth $138,837,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TEL. Versant Capital Management Inc boosted its position in shares of TE Connectivity by 209.8% in the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker's stock worth $28,000 after buying an additional 128 shares in the last quarter. Olistico Wealth LLC purchased a new stake in shares of TE Connectivity in the 2nd quarter worth about $30,000. Armstrong Advisory Group Inc. boosted its position in shares of TE Connectivity by 208.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker's stock worth $34,000 after buying an additional 150 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of TE Connectivity in the 2nd quarter worth about $35,000. Finally, Wolff Wiese Magana LLC boosted its position in shares of TE Connectivity by 2,450.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker's stock worth $39,000 after buying an additional 245 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TEL has been the subject of several analyst reports. Wells Fargo & Company cut their target price on shares of TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, September 20th. The Goldman Sachs Group cut their target price on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating for the company in a research note on Tuesday, October 1st. Vertical Research initiated coverage on shares of TE Connectivity in a research note on Tuesday, July 23rd. They issued a "hold" rating and a $155.00 target price for the company. StockNews.com initiated coverage on shares of TE Connectivity in a research note on Wednesday. They issued a "buy" rating for the company. Finally, Hsbc Global Res raised shares of TE Connectivity to a "hold" rating in a research note on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $161.82.

Insider Transactions at TE Connectivity

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 transaction of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares in the company, valued at approximately $3,942,663.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath A. Mitts sold 59,700 shares of the company'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 transaction, the chief financial officer now owns 38,073 shares of the company's stock, valued at approximately $5,889,893.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

TE Connectivity Trading Up 1.5 %

Shares of NYSE TEL traded up $2.26 on Friday, reaching $149.13. 1,277,666 shares of the company traded hands, compared to its average volume of 1,844,925. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $159.98. The stock has a market capitalization of $45.67 billion, a PE ratio of 13.64, a P/E/G ratio of 1.89 and a beta of 1.33. The company has a 50 day moving average of $148.02 and a 200 day moving average of $148.28.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts forecast that TE Connectivity Ltd. will post 7.56 earnings per share for the current fiscal year.

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.