Meiji Yasuda Asset Management Co Ltd. Sells 670 Shares of TE Connectivity Ltd. (NYSE:TEL)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL – Get Rating) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,267 shares of the electronics maker’s stock after selling 670 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in TE Connectivity were worth $802,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. TD Capital Management LLC bought a new stake in shares of TE Connectivity in the 3rd quarter worth approximately $27,000. Trustcore Financial Services LLC boosted its position in shares of TE Connectivity by 107.7% in the 3rd quarter. Trustcore Financial Services LLC now owns 270 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Ellevest Inc. boosted its position in shares of TE Connectivity by 78.3% in the 3rd quarter. Ellevest Inc. now owns 280 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 123 shares in the last quarter. Guardian Wealth Advisors LLC bought a new stake in shares of TE Connectivity in the 3rd quarter worth approximately $31,000. Finally, NuWave Investment Management LLC bought a new stake in shares of TE Connectivity in the 3rd quarter worth approximately $42,000. 91.10% of the stock is owned by institutional investors.

TE Connectivity Price Performance

Shares of TEL opened at $126.51 on Wednesday. The firm has a market cap of $40.04 billion, a PE ratio of 18.10, a P/E/G ratio of 2.76 and a beta of 1.32. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $127.09 and a two-hundred day simple moving average of $122.23. TE Connectivity Ltd. has a 1-year low of $104.76 and a 1-year high of $138.24.

TE Connectivity (NYSE:TEL – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.50 by $0.03. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. TE Connectivity had a return on equity of 21.25% and a net margin of 13.85%. TE Connectivity’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. On average, equities analysts anticipate that TE Connectivity Ltd. will post 6.56 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on TEL shares. JPMorgan Chase & Co. dropped their price target on TE Connectivity from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 20th. Jefferies Financial Group boosted their price target on TE Connectivity from $140.00 to $154.00 in a research report on Tuesday, November 22nd. Oppenheimer cut TE Connectivity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 6th. Stifel Nicolaus cut TE Connectivity from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research report on Wednesday, February 15th. Finally, Wolfe Research cut TE Connectivity from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 9th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $136.00.

TE Connectivity Company Profile

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TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensor solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.