November 25, 2016 - By Pete Kolinski · 0 Comments
Te Connectivity LTD (NYSE:TEL) institutional sentiment increased to 1.02 in Q2 2016. Its up 0.07, from 0.95 in 2016Q1. The ratio has increased, as 209 active investment managers increased or opened new equity positions, while 219 reduced and sold stock positions in Te Connectivity LTD. The active investment managers in our partner’s database now own: 296.27 million shares, up from 294.72 million shares in 2016Q1. Also, the number of active investment managers holding Te Connectivity LTD in their top 10 equity positions decreased from 8 to 5 for a decrease of 3. Sold All: 45 Reduced: 174 Increased: 153 New Position: 56.
TE Connectivity Ltd. is a technology company, which creates and makes connectivity and sensors solutions. The company has a market cap of $24.32 billion. The Firm operates through three divisions: Transportation Solutions, Industrial Solutions and Communications Solutions. It has a 12.82 P/E ratio. The Company’s divisions manufacture and distribute its products and solutions to a range of end markets.
About 434,483 shares traded hands. TE Connectivity Ltd (NYSE:TEL) has risen 10.01% since April 22, 2016 and is uptrending. It has outperformed by 4.60% the S&P500.
Analysts await TE Connectivity Ltd (NYSE:TEL) to report earnings on January, 18. They expect $1.00 earnings per share, up 19.05% or $0.16 from last year’s $0.84 per share. TEL’s profit will be $358.33 million for 16.97 P/E if the $1.00 EPS becomes a reality. After $1.27 actual earnings per share reported by TE Connectivity Ltd for the previous quarter, Wall Street now forecasts -21.26% negative EPS growth.
According to Zacks Investment Research, “TE Connectivity Ltd., formerly known as Tyco Electronics Ltd., operates as a global provider of engineered electronic components; network solutions and systems; and wireless systems. The Company’s engineered electronic components are applicable in consumer and industrial products, network solutions and systems are applicable in telecommunications and energy markets; and wireless systems are applicable for critical communications, radar and defense applications. The Company designs, manufactures and markets products for customers in industries ranging from automotive, appliance, aerospace and defense to telecommunications, computers and consumer electronics. TE Connectivity Ltd. is based in Schaffhausen, Switzerland.”
Edgepoint Investment Group Inc. holds 5.19% of its portfolio in TE Connectivity Ltd for 5.20 million shares. Longview Partners (Guernsey) Ltd owns 10.28 million shares or 3.91% of their US portfolio. Moreover, Grand Jean Capital Management Inc has 3.82% invested in the company for 155,122 shares. The New York-based Northroad Capital Management Llc has invested 3.74% in the stock. Lyrical Asset Management Lp, a New York-based fund reported 2.85 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 16 insider sales for $37.95 million net activity.
Ratings analysis reveals 43% of TE Connectivity’s analysts are positive. Out of 7 Wall Street analysts rating TE Connectivity, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $63 while the high is $74. The stock’s average target of $67.60 is -0.40% below today’s ($67.87) share price. TEL was included in 15 notes of analysts from July 23, 2015. The firm has “Outperform” rating given on Friday, July 1 by RBC Capital Markets. The firm earned “Neutral” rating on Monday, May 9 by Goldman Sachs. The stock of TE Connectivity Ltd (NYSE:TEL) has “Outperform” rating given on Friday, January 15 by RBC Capital Markets. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, January 21. The stock of TE Connectivity Ltd (NYSE:TEL) earned “Outperform” rating by RBC Capital Markets on Thursday, November 3. The rating was downgraded by Berenberg to “Hold” on Wednesday, March 2. Longbow downgraded the stock to “Neutral” rating in Thursday, January 14 report. RBC Capital Markets maintained it with “Outperform” rating and $73 target price in Friday, September 25 report. On Thursday, July 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. Goldman Sachs reinitiated the shares of TEL in a report on Friday, September 18 with “Buy” rating.
More news for TE Connectivity Ltd (NYSE:TEL) were recently published by: Nasdaq.com, which released: “TE Connectivity Ltd. (TEL) Ex-Dividend Date Scheduled for November 22, 2016” on November 21, 2016. Prnewswire.com‘s article titled: “TE Connectivity Recognized as an Innovation Leader in CNBC IQ100 Index” and published on November 01, 2016 is yet another important article.
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By Pete Kolinski