Appleton Partners Inc. MA Lowers Position in TE Connectivity Ltd (TEL)

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Appleton Partners Inc. MA cut its holdings in TE Connectivity Ltd (NYSE:TEL) by 3.7% in the first quarter, HoldingsChannel.com reports. The fund owned 21,125 shares of the electronics maker’s stock after selling 805 shares during the quarter. Appleton Partners Inc. MA’s holdings in TE Connectivity were worth $1,706,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. S&CO Inc. lifted its stake in TE Connectivity by 0.5% in the fourth quarter. S&CO Inc. now owns 26,081 shares of the electronics maker’s stock worth $1,973,000 after acquiring an additional 130 shares during the period. Boys Arnold & Co. Inc. lifted its stake in TE Connectivity by 1.3% in the fourth quarter. Boys Arnold & Co. Inc. now owns 11,395 shares of the electronics maker’s stock worth $852,000 after acquiring an additional 145 shares during the period. BRYN MAWR TRUST Co lifted its stake in TE Connectivity by 1.8% in the fourth quarter. BRYN MAWR TRUST Co now owns 9,344 shares of the electronics maker’s stock worth $707,000 after acquiring an additional 165 shares during the period. ETF Managers Group LLC lifted its stake in TE Connectivity by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 1,304 shares of the electronics maker’s stock worth $99,000 after acquiring an additional 177 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in TE Connectivity by 2.2% in the fourth quarter. Nuveen Asset Management LLC now owns 8,117 shares of the electronics maker’s stock worth $614,000 after purchasing an additional 177 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

In other news, CFO Heath A. Mitts sold 12,908 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $83.05, for a total transaction of $1,072,009.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eric Resch sold 34,050 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $82.70, for a total transaction of $2,815,935.00. Following the transaction, the senior vice president now owns 68,790 shares in the company, valued at approximately $5,688,933. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Shares of TE Connectivity stock opened at $89.43 on Friday. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.50 and a beta of 1.03. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.33. TE Connectivity Ltd has a one year low of $69.84 and a one year high of $101.59.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 23rd. The electronics maker reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.38 billion. TE Connectivity had a net margin of 20.06% and a return on equity of 19.22%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. On average, sell-side analysts anticipate that TE Connectivity Ltd will post 5.44 EPS for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $94.14.

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TE Connectivity Company Profile

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.

Further Reading: Why do companies pay special dividends?

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

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