TE Connectivity Ltd. (NYSE:TEL) Shares Bought by Haverford Trust Co

Haverford Trust Co increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,494 shares of the electronics maker's stock after acquiring an additional 6,245 shares during the quarter. Haverford Trust Co owned approximately 0.07% of TE Connectivity worth $31,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in TE Connectivity by 54.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker's stock worth $2,265,218,000 after acquiring an additional 5,526,230 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of TE Connectivity by 26.2% in the second quarter. Ameriprise Financial Inc. now owns 6,280,632 shares of the electronics maker's stock valued at $944,791,000 after buying an additional 1,304,199 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TE Connectivity by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,118,636 shares of the electronics maker's stock valued at $469,113,000 after buying an additional 223,842 shares in the last quarter. Cooke & Bieler LP lifted its stake in shares of TE Connectivity by 3.3% in the second quarter. Cooke & Bieler LP now owns 1,753,850 shares of the electronics maker's stock valued at $263,832,000 after buying an additional 55,777 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of TE Connectivity by 13.1% in the second quarter. Canada Pension Plan Investment Board now owns 1,434,642 shares of the electronics maker's stock valued at $215,813,000 after buying an additional 166,339 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Trading Up 0.7 %

TEL traded up $1.15 during trading on Wednesday, reaching $154.52. The company had a trading volume of 616,559 shares, compared to its average volume of 1,829,084. The stock has a market cap of $46.96 billion, a P/E ratio of 14.99, a PEG ratio of 2.09 and a beta of 1.33. The business has a 50 day simple moving average of $148.14 and a 200-day simple moving average of $149.13. TE Connectivity Ltd. has a 52 week low of $126.87 and a 52 week high of $159.98. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, meeting the consensus estimate of $1.95. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.13 EPS for the current fiscal year.

TE Connectivity announced that its board has approved a share buyback program on Wednesday, October 30th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on TEL shares. Robert W. Baird raised their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. StockNews.com assumed coverage on shares of TE Connectivity in a research note on Friday, November 8th. They issued a "buy" rating on the stock. HSBC lowered shares of TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 price target on the stock. in a research report on Thursday, October 31st. Vertical Research initiated coverage on shares of TE Connectivity in a research note on Tuesday, July 23rd. They issued a "hold" rating and a $155.00 target price for the company. Finally, Truist Financial upped their target price on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $159.55.

TE Connectivity Profile

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.