Buckley Wealth Management LLC Invests $243,000 in TE Connectivity Ltd. (NYSE:TEL)

Buckley Wealth Management LLC purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,733 shares of the electronics maker’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. New Hampshire Trust increased its position in TE Connectivity by 2.6% in the 2nd quarter. New Hampshire Trust now owns 11,765 shares of the electronics maker’s stock valued at $1,649,000 after acquiring an additional 293 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of TE Connectivity by 10.5% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 5,935 shares of the electronics maker’s stock worth $832,000 after purchasing an additional 564 shares during the period. Castle Rock Wealth Management LLC grew its position in TE Connectivity by 5.1% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 6,154 shares of the electronics maker’s stock valued at $858,000 after buying an additional 298 shares during the last quarter. First Affirmative Financial Network acquired a new position in TE Connectivity in the 2nd quarter valued at $205,000. Finally, AE Wealth Management LLC lifted its stake in shares of TE Connectivity by 40.9% in the 2nd quarter. AE Wealth Management LLC now owns 29,604 shares of the electronics maker’s stock worth $4,149,000 after acquiring an additional 8,594 shares during the period. 90.75% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 0.2 %

TEL opened at $126.96 on Tuesday. The firm has a market cap of $39.86 billion, a P/E ratio of 19.59, a PEG ratio of 2.68 and a beta of 1.35. The business’s fifty day simple moving average is $135.21 and its 200 day simple moving average is $130.05. TE Connectivity Ltd. has a 52 week low of $104.76 and a 52 week high of $146.60. The company has a quick ratio of 1.14, a current ratio of 1.80 and a debt-to-equity ratio of 0.34.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.11. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.05 billion. TE Connectivity had a net margin of 12.63% and a return on equity of 19.55%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 earnings per share. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 6.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Terrence R. Curtin sold 70,721 shares of TE Connectivity stock in a transaction on Monday, July 31st. The stock was sold at an average price of $143.02, for a total value of $10,114,517.42. Following the completion of the sale, the director now owns 54,969 shares of the company’s stock, valued at $7,861,666.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TEL shares. Robert W. Baird increased their price target on shares of TE Connectivity from $149.00 to $153.00 in a report on Thursday, July 27th. Truist Financial increased their price objective on TE Connectivity from $127.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. Credit Suisse Group upped their price target on shares of TE Connectivity from $138.00 to $150.00 in a research note on Tuesday, June 20th. Finally, StockNews.com assumed coverage on TE Connectivity in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and an average target price of $144.33.

About TE Connectivity

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.