2,863 Shares in TE Connectivity Ltd. (NYSE:TEL) Bought by Hickory Point Bank & Trust

Hickory Point Bank & Trust acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,863 shares of the electronics maker's stock, valued at approximately $409,000.

A number of other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of TE Connectivity by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,611 shares of the electronics maker's stock worth $243,000 after buying an additional 278 shares in the last quarter. Optas LLC lifted its holdings in shares of TE Connectivity by 4.2% in the third quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock valued at $268,000 after purchasing an additional 71 shares in the last quarter. Janney Capital Management LLC grew its position in shares of TE Connectivity by 12.9% in the third quarter. Janney Capital Management LLC now owns 2,041 shares of the electronics maker's stock valued at $308,000 after purchasing an additional 233 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of TE Connectivity by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 221,089 shares of the electronics maker's stock worth $33,382,000 after purchasing an additional 6,666 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of TE Connectivity by 17.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 148,550 shares of the electronics maker's stock worth $22,430,000 after purchasing an additional 21,569 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TEL has been the subject of several recent research reports. HSBC raised TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target for the company in a research report on Thursday, January 23rd. StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Bank of America boosted their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Truist Financial cut their price target on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Finally, Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $167.00.

TE Connectivity Trading Up 2.0 %

TEL stock traded up $2.91 during midday trading on Wednesday, reaching $150.95. 1,281,556 shares of the company's stock traded hands, compared to its average volume of 1,643,574. TE Connectivity Ltd. has a fifty-two week low of $137.61 and a fifty-two week high of $159.98. The business has a 50-day moving average price of $148.06 and a two-hundred day moving average price of $148.77. The company has a market capitalization of $45.03 billion, a P/E ratio of 24.11, a PEG ratio of 2.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the transaction, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.90% of the company's stock.

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.