Pitcairn Company Cut By $746,035 Its Te Connectivity LTD (TEL) Stake; Last Week Patterson-UTI Energy, Inc. (PTEN) Coverage

April 24, 2018 - By Clifton Ray

TE Connectivity Ltd. (NYSE:TEL) Logo

Pitcairn Company decreased Te Connectivity Ltd (TEL) stake by 37.17% reported in 2017Q4 SEC filing. Pitcairn Company sold 7,853 shares as Te Connectivity Ltd (TEL)’s stock rose 3.00%. The Pitcairn Company holds 13,277 shares with $1.26M value, down from 21,130 last quarter. Te Connectivity Ltd now has $34.17B valuation. The stock decreased 2.67% or $2.67 during the last trading session, reaching $97.34. About 997,305 shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 31.35% since April 24, 2017 and is uptrending. It has outperformed by 19.80% the S&P500.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Patterson-UTI Energy Inc had 109 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was upgraded by Cowen & Co to “Buy” on Friday, April 13. On Wednesday, June 29 the stock rating was upgraded by Piper Jaffray to “Overweight”. The company was downgraded on Friday, April 15 by JP Morgan. On Wednesday, September 9 the stock rating was downgraded by Tudor Pickering to “Hold”. The stock has “Underperform” rating by Credit Suisse on Wednesday, June 1. The firm has “Neutral” rating given on Monday, October 5 by Citigroup. The company was maintained on Thursday, July 20 by RBC Capital Markets. The stock has “Neutral” rating by Seaport Global on Wednesday, June 21. The rating was maintained by RBC Capital Markets on Monday, October 2 with “Buy”. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 9 report. See Patterson-UTI Energy, Inc. (NASDAQ:PTEN) latest ratings:

19/04/2018 Broker: Societe Generale Old Rating: Buy New Rating: Hold Old Target: $22 Downgrade
13/04/2018 Broker: Cowen & Co Rating: Buy Upgrade
15/02/2018 Broker: Guggenheim Rating: Buy New Target: $25.0 Maintain
12/02/2018 Broker: Seaport Global Rating: Hold New Target: $24.0 Maintain
12/02/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $27 New Target: $24 Maintain
09/02/2018 Broker: BMO Capital Markets Rating: Hold New Target: $24.0 Maintain
08/02/2018 Broker: Jefferies Rating: Buy New Target: $25.0 Maintain
09/02/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $26 New Target: $25 Maintain
09/02/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $28 New Target: $24 Maintain
09/02/2018 Broker: Cowen & Co Rating: Hold New Target: $23.0 Maintain

Since January 29, 2018, it had 0 insider purchases, and 5 insider sales for $35.35 million activity. $14.85 million worth of TE Connectivity Ltd. (NYSE:TEL) was sold by CURTIN TERRENCE R. $1.10M worth of TE Connectivity Ltd. (NYSE:TEL) was sold by MERKT STEVEN T on Wednesday, February 21. LYNCH THOMAS J sold $7.73M worth of stock or 76,183 shares. $3.78 million worth of TE Connectivity Ltd. (NYSE:TEL) was sold by Jenkins John S.

Pitcairn Company increased Electronic Arts Inc (NASDAQ:EA) stake by 14,168 shares to 17,870 valued at $1.88 million in 2017Q4. It also upped Bwx Technologies Inc stake by 5,256 shares and now owns 24,198 shares. Fortive Corp was raised too.

Among 13 analysts covering TE Connectivity (NYSE:TEL), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. TE Connectivity had 48 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Monday, September 4 with “Buy”. As per Monday, March 26, the company rating was initiated by Oppenheimer. RBC Capital Markets maintained the shares of TEL in report on Monday, January 18 with “Outperform” rating. RBC Capital Markets maintained the shares of TEL in report on Thursday, October 29 with “Outperform” rating. The rating was upgraded by Longbow on Thursday, January 12 to “Buy”. RBC Capital Markets maintained TE Connectivity Ltd. (NYSE:TEL) rating on Tuesday, August 1. RBC Capital Markets has “Buy” rating and $8700 target. RBC Capital Markets maintained it with “Buy” rating and $110.0 target in Monday, January 15 report. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Overweight” rating given on Wednesday, December 13 by Morgan Stanley. RBC Capital Markets maintained TE Connectivity Ltd. (NYSE:TEL) on Wednesday, January 3 with “Buy” rating. Robert W. Baird maintained TE Connectivity Ltd. (NYSE:TEL) on Tuesday, April 17 with “Buy” rating.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.02, from 1 in 2017Q3. It increased, as 34 investors sold TEL shares while 210 reduced holdings. 83 funds opened positions while 167 raised stakes. 303.06 million shares or 2.83% less from 311.89 million shares in 2017Q3 were reported. M&T Bancshares Corp has invested 0.03% in TE Connectivity Ltd. (NYSE:TEL). Century Companies invested in 2.61M shares or 0.25% of the stock. 55,272 were accumulated by Comml Bank Of Nova Scotia. Comerica Bancorp reported 257,516 shares. Suntrust Banks Inc holds 0.02% or 35,352 shares in its portfolio. Richard Bernstein Advsr Ltd Llc reported 0.2% in TE Connectivity Ltd. (NYSE:TEL). Sii Investments Wi has 5,739 shares for 0.06% of their portfolio. Moreover, Architects has 0.04% invested in TE Connectivity Ltd. (NYSE:TEL) for 2,828 shares. Washington Trust Bank & Trust reported 0.01% in TE Connectivity Ltd. (NYSE:TEL). New York-based Paradigm Asset Mgmt Co Ltd Co has invested 0.52% in TE Connectivity Ltd. (NYSE:TEL). 8,118 are owned by Jane Street Group Inc Ltd Liability. Srb holds 0.02% or 2,009 shares. South Dakota Inv Council has invested 0.06% in TE Connectivity Ltd. (NYSE:TEL). Rockland Tru holds 2,245 shares or 0.03% of its portfolio. Legal & General Group Public Limited has 1.82M shares for 0.13% of their portfolio.

Analysts await TE Connectivity Ltd. (NYSE:TEL) to report earnings on April, 25 before the open. They expect $1.35 earnings per share, up 13.45% or $0.16 from last year’s $1.19 per share. TEL’s profit will be $473.96M for 18.03 P/E if the $1.35 EPS becomes a reality. After $1.40 actual earnings per share reported by TE Connectivity Ltd. for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has market cap of $4.34 billion. The companyÂ’s Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. It has a 676.38 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Since March 13, 2018, it had 0 insider buys, and 1 insider sale for $194,600 activity. $194,600 worth of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares were sold by HUNT TERRY H.

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.03, from 1.41 in 2017Q3. It worsened, as 20 investors sold Patterson-UTI Energy, Inc. shares while 84 reduced holdings. 49 funds opened positions while 94 raised stakes. 212.21 million shares or 2.46% more from 207.11 million shares in 2017Q3 were reported. 165 are owned by Winfield Associates Inc. Vaughan Nelson Investment Ltd Partnership owns 21,000 shares or 0.01% of their US portfolio. State Treasurer State Of Michigan owns 80,000 shares. National Bank & Trust Of New York Mellon Corp reported 4.34 million shares. Moreover, Intrepid Capital Management has 5.02% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Kahn Brothers Grp De stated it has 1.39M shares or 5.03% of all its holdings. Panagora Asset Mngmt has 12,808 shares. 8.58 million are held by Dimensional Fund Advsr L P. Elm Ridge Limited Liability holds 5.07% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 492,005 shares. New Generation Advisors Ltd Liability reported 178,626 shares. 67,582 were reported by Cipher Lp. Amundi Pioneer Asset Mgmt holds 1.90M shares or 0.07% of its portfolio. Envestnet Asset Mngmt, a Illinois-based fund reported 1,229 shares. Peak6 L P stated it has 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Bankshares Of Montreal Can holds 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 281,307 shares.

The stock decreased 2.17% or $0.435 during the last trading session, reaching $19.615. About 1.58M shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since April 24, 2017 and is downtrending. It has underperformed by 35.83% the S&P500.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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