New York State Teachers Retirement System lessened its holdings in TE Connectivity Ltd (NYSE:TEL) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 436,899 shares of the electronics maker’s stock after selling 3,025 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of TE Connectivity worth $41,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TEL. Thor Advisors LLC bought a new stake in TE Connectivity in the first quarter worth $26,000. Synovus Financial Corp increased its position in TE Connectivity by 97.2% in the first quarter. Synovus Financial Corp now owns 355 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Weaver Consulting Group bought a new stake in TE Connectivity in the first quarter worth $28,000. First Interstate Bank bought a new stake in TE Connectivity in the first quarter worth $32,000. Finally, Legacy Advisors LLC bought a new stake in TE Connectivity in the first quarter worth $33,000. Institutional investors own 91.33% of the company’s stock.

TEL stock opened at $93.61 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.47 and a quick ratio of 0.94. TE Connectivity Ltd has a twelve month low of $69.84 and a twelve month high of $97.99. The company has a market capitalization of $31.55 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. The company’s fifty day moving average price is $92.97.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.43 billion. TE Connectivity had a net margin of 22.94% and a return on equity of 18.33%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. Equities research analysts forecast that TE Connectivity Ltd will post 5.51 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on TEL shares. Cross Research cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Goldman Sachs Group set a €6.20 ($7.21) price objective on shares of Kloeckner & Co SE and gave the company a “buy” rating in a research report on Thursday, June 20th. HC Wainwright reiterated a “buy” rating on shares of Ballard Power Systems in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Monday, April 29th. Finally, Morgan Stanley boosted their price objective on shares of Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $92.21.

In other news, insider Kevin N. Rock sold 26,803 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $95.04, for a total value of $2,547,357.12. Following the transaction, the insider now directly owns 67,361 shares in the company, valued at $6,401,989.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Lynch sold 68,516 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $95.36, for a total transaction of $6,533,685.76. Following the completion of the transaction, the director now owns 234,398 shares in the company, valued at $22,352,193.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 170,633 shares of company stock worth $16,240,519. Company insiders own 0.80% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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