Fox Run Management L.L.C. Has $632,000 Holdings in TE Connectivity Ltd (TEL)

Fox Run Management L.L.C. trimmed its position in TE Connectivity Ltd (NYSE:TEL) by 40.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,648 shares of the electronics maker’s stock after selling 4,452 shares during the quarter. Fox Run Management L.L.C.’s holdings in TE Connectivity were worth $632,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TEL. Janus Henderson Group PLC lifted its holdings in shares of TE Connectivity by 17.7% during the 3rd quarter. Janus Henderson Group PLC now owns 8,247,518 shares of the electronics maker’s stock worth $685,033,000 after acquiring an additional 1,239,920 shares during the last quarter. Boston Partners lifted its holdings in shares of TE Connectivity by 8.1% during the 3rd quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock worth $1,032,298,000 after acquiring an additional 934,796 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of TE Connectivity during the 2nd quarter worth $523,000. Asset Management One Co. Ltd. lifted its holdings in shares of TE Connectivity by 1,777.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 545,390 shares of the electronics maker’s stock worth $45,300,000 after acquiring an additional 516,337 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of TE Connectivity by 9.7% during the 2nd quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s stock worth $420,131,000 after acquiring an additional 472,037 shares during the last quarter. 90.16% of the stock is owned by hedge funds and other institutional investors.

In other TE Connectivity news, insider Thomas J. Lynch sold 130,617 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.29, for a total value of $11,924,025.93. Following the transaction, the insider now owns 429,500 shares in the company, valued at $39,209,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mario Calastri sold 8,539 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $93.27, for a total transaction of $796,432.53. The disclosure for this sale can be found here. Insiders sold 705,373 shares of company stock worth $65,870,755 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

TEL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of TE Connectivity in a report on Monday, October 30th. Stifel Nicolaus reissued a “buy” rating and issued a $98.00 price target on shares of TE Connectivity in a research note on Friday, November 3rd. Cowen reissued an “outperform” rating and issued a $110.00 price target (up from $95.00) on shares of TE Connectivity in a research note on Thursday, December 7th. Finally, Morgan Stanley boosted their price target on shares of TE Connectivity from $97.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $145.92.

Shares of TE Connectivity Ltd (TEL) opened at $100.73 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. The firm has a market cap of $35,420.39, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. TE Connectivity Ltd has a one year low of $69.41 and a one year high of $101.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. equities analysts anticipate that TE Connectivity Ltd will post 5.28 EPS for the current fiscal year.

TE Connectivity declared that its board has initiated a share repurchase plan on Friday, December 8th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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TE Connectivity 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.

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

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