As Te Connectivity LTD (TEL) Share Value Declined, Holder Fiduciary Management INC Has Decreased Position by $5.85 Million

September 17, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.04 in Q4 2016. Its up 0.02, from 1.02 in 2016Q3. It increased, as 27 investors sold TEL shares while 193 reduced holdings. 76 funds opened positions while 153 raised stakes. 320.59 million shares or 7.67% more from 297.75 million shares in 2016Q3 were reported. Spot Trading Ltd Llc holds 0.01% or 4,509 shares in its portfolio. North Star Investment Mgmt Corporation accumulated 900 shares or 0.01% of the stock. Alyeska Gru Ltd Partnership holds 0.24% or 389,067 shares. Reilly Financial Advisors Limited Liability Corp owns 420 shares. Geode Capital Mgmt Ltd Liability Co holds 0.1% or 3.11M shares in its portfolio. 966,205 are owned by California Pub Employees Retirement Systems. Deutsche Comml Bank Ag accumulated 837,659 shares. Cooke Bieler LP holds 547,673 shares or 0.75% of its portfolio. Grand Jean Management Inc reported 124,659 shares. Winslow Evans & Crocker reported 2,348 shares. Boys Arnold Inc has 0.13% invested in TE Connectivity Ltd (NYSE:TEL) for 11,250 shares. Live Your Vision Llc reported 9 shares stake. Cubist Systematic Strategies accumulated 15,953 shares. 1St Glob Advsrs accumulated 0.13% or 14,674 shares. Evercore Wealth Ltd Liability Com holds 0% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 784 shares.

Since April 3, 2017, it had 0 insider purchases, and 7 selling transactions for $35.33 million activity. The insider Ott Robert J sold 12,400 shares worth $952,217. $498,778 worth of stock was sold by Donahue Joseph B on Thursday, May 4. Shares for $1.06 million were sold by Jenkins John S.

Fiduciary Management Inc decreased its stake in Te Connectivity Ltd. (TEL) by 0.91% based on its latest 2016Q4 regulatory filing with the SEC. Fiduciary Management Inc sold 84,853 shares as the company’s stock declined 0.72% while stock markets rallied. The institutional investor held 9.29M shares of the electronic components company at the end of 2016Q4, valued at $643.31 million, down from 9.37 million at the end of the previous reported quarter. Fiduciary Management Inc who had been investing in Te Connectivity Ltd. for a number of months, seems to be less bullish one the $29.03B market cap company. The stock increased 1.07% or $0.87 on September 15, reaching $82.15. About 1.63M shares traded or 61.39% up from the average. TE Connectivity Ltd (NYSE:TEL) has risen 29.30% since September 17, 2016 and is uptrending. It has outperformed by 12.60% the S&P500.

Fiduciary Management Inc, which manages about $20.63B and $16.33 billion US Long portfolio, upped its stake in Interpublic Group (NYSE:IPG) by 807,927 shares to 4.57M shares, valued at $107.02 million in 2016Q4, according to the filing. It also increased its holding in Firstcash Inc. by 75,506 shares in the quarter, for a total of 2.37M shares, and has risen its stake in Honeywell Int’l Inc. (NYSE:HON).

Analysts await TE Connectivity Ltd (NYSE:TEL) to report earnings on November, 1. They expect $1.16 earnings per share, down 8.66 % or $0.11 from last year’s $1.27 per share. TEL’s profit will be $409.92M for 17.70 P/E if the $1.16 EPS becomes a reality. After $1.24 actual earnings per share reported by TE Connectivity Ltd for the previous quarter, Wall Street now forecasts -6.45 % negative EPS growth.

More notable recent TE Connectivity Ltd (NYSE:TEL) news were published by: Nasdaq.com which released: “TE Connectivity Ltd. (TEL) Ex-Dividend Date Scheduled for August 23, 2017” on August 22, 2017, also Nasdaq.com with their article: “TE Connectivity (TEL) Down 6.5% Since Earnings Report: Can It Rebound?” published on August 29, 2017, Nasdaq.com published: “Is TE Connectivity (TEL) Stock a Solid Choice Right Now?” on August 22, 2017. More interesting news about TE Connectivity Ltd (NYSE:TEL) were released by: Prnewswire.com and their article: “TE Connectivity Named to Dow Jones Sustainability North America Index” published on September 07, 2017 as well as Zacks.com‘s news article titled: “TE Connectivity (TEL) Rolls Out STRADA Whisper Connectors” with publication date: August 24, 2017.

TE Connectivity Ltd (NYSE:TEL) Ratings Coverage

Among 8 analysts covering TE Connectivity (NYSE:TEL), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. TE Connectivity has $9500 highest and $63 lowest target. $78.83’s average target is -4.04% below currents $82.15 stock price. TE Connectivity had 23 analyst reports since July 23, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, March 2 by Berenberg. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 15. Stifel Nicolaus maintained TE Connectivity Ltd (NYSE:TEL) on Thursday, July 23 with “Buy” rating. As per Thursday, November 3, the company rating was maintained by RBC Capital Markets. The company was maintained on Thursday, October 29 by RBC Capital Markets. The company was upgraded on Thursday, January 12 by Longbow. On Friday, September 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. SunTrust downgraded the shares of TEL in report on Tuesday, March 29 to “Neutral” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, January 21. On Thursday, January 14 the stock rating was downgraded by Longbow to “Neutral”.

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