HighTower Advisors LLC Has $8.87 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

HighTower Advisors LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 28.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,803 shares of the electronics maker's stock after acquiring an additional 13,027 shares during the quarter. HighTower Advisors LLC's holdings in TE Connectivity were worth $8,873,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. increased 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 increased 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. Charles Schwab Investment Management Inc. increased its stake in shares of TE Connectivity by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,762,099 shares of the electronics maker's stock valued at $266,059,000 after buying an additional 9,864 shares in the last quarter. Cooke & Bieler LP increased 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 increased 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEL has been the subject of a number of research reports. StockNews.com upgraded TE Connectivity from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 4th. Wells Fargo & Company lowered their price objective on TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, September 20th. Hsbc Global Res lowered TE Connectivity from a "hold" rating to a "moderate sell" rating in a research report on Thursday, October 31st. Wolfe Research upgraded TE Connectivity from a "peer perform" rating to an "outperform" rating in a research report on Thursday, September 5th. Finally, HSBC lowered TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 price objective for the company. in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $159.55.

TE Connectivity Stock Down 0.6 %

Shares of NYSE:TEL traded down $0.96 during trading on Monday, hitting $151.44. 1,901,096 shares of the company's stock traded hands, compared to its average volume of 1,800,480. TE Connectivity Ltd. has a 52 week low of $128.52 and a 52 week high of $159.98. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The company has a market cap of $45.30 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32. The company has a 50-day moving average price of $149.76 and a 200-day moving average price of $149.76.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share 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 business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4 billion. During the same quarter in the previous year, the business posted $1.78 EPS. TE Connectivity's revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts forecast that TE Connectivity Ltd. will post 8.14 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has initiated a share buyback plan on Wednesday, October 30th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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.