Olistico Wealth LLC Invests $30,000 in TE Connectivity Ltd. (NYSE:TEL)

Olistico Wealth LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL) in the second quarter, Holdings Channel.com reports. The fund acquired 200 shares of the electronics maker’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ballentine Partners LLC grew its stake in shares of TE Connectivity by 37.9% during the fourth quarter. Ballentine Partners LLC now owns 3,496 shares of the electronics maker’s stock worth $491,000 after acquiring an additional 960 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in TE Connectivity during the 4th quarter valued at about $10,759,000. Prime Capital Investment Advisors LLC acquired a new position in TE Connectivity in the 4th quarter worth approximately $271,000. Nisa Investment Advisors LLC increased its stake in shares of TE Connectivity by 2.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 65,795 shares of the electronics maker’s stock worth $9,244,000 after acquiring an additional 1,843 shares during the period. Finally, Meeder Advisory Services Inc. boosted its holdings in TE Connectivity by 7.2% in the fourth quarter. Meeder Advisory Services Inc. now owns 6,162 shares of the electronics maker’s stock valued at $866,000 after purchasing an additional 412 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

TEL stock traded down $0.96 during midday trading on Wednesday, reaching $141.97. The stock had a trading volume of 2,466,003 shares, compared to its average volume of 1,965,867. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $159.98. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $150.99 and its 200 day simple moving average is $146.17. The company has a market cap of $43.48 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm posted $1.77 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts predict 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 subject of several analyst reports. Truist Financial boosted their price objective on TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Jefferies Financial Group began coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target on the stock. Robert W. Baird upped their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Vertical Research assumed coverage on TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 target price on the stock. Finally, HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $158.45.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $450,320.67. Following the sale, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The disclosure for this sale can be found here. Insiders have sold a total of 76,363 shares of company stock worth $11,791,461 in the last ninety days. Insiders own 0.86% of the company’s stock.

TE Connectivity Company 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.