Mn Services Vermogensbeheer B.V. Grows Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Mn Services Vermogensbeheer B.V. raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,453 shares of the electronics maker's stock after purchasing an additional 2,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in TE Connectivity were worth $17,650,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity during the 4th quarter valued at approximately $26,000. Golden State Wealth Management LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at $44,000. Hilltop National Bank acquired a new stake in shares of TE Connectivity during the fourth quarter worth $55,000. Deseret Mutual Benefit Administrators bought a new position in TE Connectivity during the fourth quarter worth $57,000. Finally, Webster Bank N. A. acquired a new position in TE Connectivity in the fourth quarter valued at $61,000. Institutional investors own 91.43% of the company's stock.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the transaction, the insider now owns 25,976 shares of the company's stock, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Stock Down 2.2 %

Shares of NYSE:TEL traded down $3.43 during midday trading on Monday, hitting $150.60. 1,587,977 shares of the company's stock were exchanged, compared to its average volume of 1,640,613. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The company has a market cap of $44.93 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The stock has a 50 day moving average price of $147.87 and a 200-day moving average price of $148.76.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

Analyst Ratings Changes

TEL has been the subject of a number of recent analyst reports. Citigroup increased their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. HSBC upgraded TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target on the stock in a report on Thursday, January 23rd. Truist Financial lowered their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America increased their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $167.00.

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.