368,875 Shares in TE Connectivity Ltd (TEL) Acquired by British Airways Pensions Investment Management Ltd

368,875 Shares in TE Connectivity Ltd (TEL) Acquired by British Airways Pensions Investment Management Ltd

British Airways Pensions Investment Management Ltd purchased a new stake in TE Connectivity Ltd (NYSE:TEL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 368,875 shares of the electronics maker’s stock, valued at approximately $27,485,000. British Airways Pensions Investment Management Ltd owned approximately 0.10% of TE Connectivity as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Dodge & Cox bought a new position in TE Connectivity during the fourth quarter valued at approximately $1,913,073,000. Norges Bank bought a new position in TE Connectivity during the fourth quarter valued at approximately $248,250,000. Price T Rowe Associates Inc. MD increased its position in TE Connectivity by 24.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,936,361 shares of the electronics maker’s stock valued at $768,463,000 after buying an additional 2,348,403 shares in the last quarter. LSV Asset Management increased its position in TE Connectivity by 2,139.2% in the third quarter. LSV Asset Management now owns 2,203,350 shares of the electronics maker’s stock valued at $141,851,000 after buying an additional 2,104,950 shares in the last quarter. Finally, Boston Partners increased its position in TE Connectivity by 21.5% in the third quarter. Boston Partners now owns 10,886,199 shares of the electronics maker’s stock valued at $700,854,000 after buying an additional 1,922,737 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Ltd (NYSE:TEL) traded down 0.26% during trading on Friday, hitting $75.45. 1,163,250 shares of the company’s stock traded hands. TE Connectivity Ltd has a 52-week low of $54.54 and a 52-week high of $79.69. The company has a market cap of $26.81 billion, a PE ratio of 12.96 and a beta of 1.16. The company’s 50 day moving average price is $74.47 and its 200 day moving average price is $71.19.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.11. TE Connectivity had a return on equity of 19.26% and a net margin of 16.56%. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted $0.90 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts expect that TE Connectivity Ltd will post $4.62 earnings per share for the current year.

Several equities analysts have commented on the stock. Deutsche Bank AG upped their price objective on shares of TE Connectivity from $75.00 to $82.00 and gave the company a “hold” rating in a report on Friday, April 28th. Longbow Research upgraded shares of TE Connectivity from a “neutral” rating to a “buy” rating in a report on Thursday, January 12th. Morgan Stanley upped their price objective on shares of TE Connectivity from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $86.00 price objective (up from $82.00) on shares of TE Connectivity in a report on Saturday, April 29th. Finally, Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.00.

In related news, COO Joseph B. Donahue sold 6,600 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $75.57, for a total value of $498,762.00. Following the sale, the chief operating officer now directly owns 40,909 shares in the company, valued at approximately $3,091,493.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tim Murphy sold 1,752 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $74.46, for a total value of $130,453.92. Following the completion of the sale, the senior vice president now owns 4,084 shares in the company, valued at $304,094.64. The disclosure for this sale can be found here. Insiders sold a total of 573,209 shares of company stock worth $43,201,286 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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