TE Connectivity Ltd (TEL) Stake Maintained by Cohen Klingenstein LLC

Cohen Klingenstein LLC held its position in TE Connectivity Ltd (NYSE:TEL) during the first quarter, Holdings Channel reports. The fund owned 31,400 shares of the company’s stock at the end of the first quarter. Cohen Klingenstein LLC’s holdings in TE Connectivity were worth $2,341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of TEL. Daiwa SB Investments Ltd. bought a new position in TE Connectivity during the first quarter worth $101,000. Portfolio Solutions LLC acquired a new position in TE Connectivity during the first quarter worth approximately $104,000. Intellectus Partners LLC acquired a new position in TE Connectivity during the fourth quarter worth approximately $107,000. Virtus Investment Advisers Inc. acquired a new position in TE Connectivity during the third quarter worth approximately $105,000. Finally, Orrstown Financial Services Inc. boosted its position in TE Connectivity by 19.7% in the first quarter. Orrstown Financial Services Inc. now owns 1,700 shares of the company’s stock worth $127,000 after buying an additional 280 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

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

TE Connectivity Ltd (NYSE:TEL) traded down 0.11% on Thursday, reaching $72.34. The company had a trading volume of 347,076 shares. TE Connectivity Ltd has a 1-year low of $54.54 and a 1-year high of $76.77. The stock has a market capitalization of $25.70 billion, a P/E ratio of 12.66 and a beta of 1.16. The stock’s 50 day moving average is $74.51 and its 200-day moving average is $69.85.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 25th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.00 by $0.15. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3 billion. TE Connectivity had a return on equity of 19.26% and a net margin of 16.56%. TE Connectivity’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. On average, equities analysts predict that TE Connectivity Ltd will post $4.43 EPS for the current fiscal year.

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A number of research analysts recently commented on the company. Goldman Sachs Group Inc cut TE Connectivity from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $63.00 to $64.00 in a report on Wednesday, January 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of TE Connectivity in a report on Tuesday, March 28th. Longbow Research raised TE Connectivity from a “neutral” rating to a “buy” rating in a report on Thursday, January 12th. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Tuesday, March 14th. Finally, Cowen and Company assumed coverage on TE Connectivity in a report on Tuesday, March 21st. They issued an “outperform” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.67.

In related news, insider James O’toole sold 32,688 shares of the firm’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $73.40, for a total transaction of $2,399,299.20. Following the sale, the insider now directly owns 32,688 shares of the company’s stock, valued at $2,399,299.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas J. Lynch sold 131,875 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $73.60, for a total value of $9,706,000.00. Following the sale, the insider now directly owns 450,662 shares in the company, valued at $33,168,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 596,255 shares of company stock worth $44,499,970. 1.49% of the stock is owned by corporate 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.

5 Day Chart for NYSE:TEL

Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd (NYSE:TEL).

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