Dakota Wealth Management Has $2.05 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Dakota Wealth Management lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 22.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,599 shares of the electronics maker’s stock after purchasing an additional 2,478 shares during the period. Dakota Wealth Management’s holdings in TE Connectivity were worth $2,053,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. raised its position in shares of TE Connectivity by 5,265.0% during the first quarter. Sunbelt Securities Inc. now owns 1,073 shares of the electronics maker’s stock worth $156,000 after acquiring an additional 1,053 shares during the last quarter. Brookstone Capital Management raised its holdings in TE Connectivity by 6.4% during the 1st quarter. Brookstone Capital Management now owns 2,199 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 132 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of TE Connectivity by 19.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,053 shares of the electronics maker’s stock worth $3,784,000 after purchasing an additional 4,272 shares during the period. 180 Wealth Advisors LLC acquired a new stake in shares of TE Connectivity during the first quarter worth $277,000. Finally, Founders Financial Securities LLC raised its stake in TE Connectivity by 24.0% during the first quarter. Founders Financial Securities LLC now owns 2,136 shares of the electronics maker’s stock worth $310,000 after buying an additional 413 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $149.13 on Friday. The stock has a market cap of $45.67 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $159.98. The firm’s 50-day simple moving average is $148.02 and its 200 day simple moving average is $148.25.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that TE Connectivity Ltd. will post 7.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of research analyst reports. Wolfe Research raised shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Robert W. Baird raised their target price on TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Vertical Research began coverage on TE Connectivity in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, September 20th. Finally, Bank of America dropped their target price on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $161.82.

Insider Buying and Selling at TE Connectivity

In other news, 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 completion of the sale, the chief financial officer now owns 38,073 shares in the company, valued at $5,889,893.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Robert J. Ott sold 2,913 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at $3,942,663.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $9,235,590.00. Following the transaction, the chief financial officer now owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The trade was 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 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.