Life Planning Partners Inc Buys New Position in TE Connectivity Ltd. (NYSE:TEL)

Life Planning Partners Inc purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 55,186 shares of the electronics maker's stock, valued at approximately $7,890,000.

A number of other large investors have also made changes to their positions in the company. Avestar Capital LLC raised its holdings in shares of TE Connectivity by 9.8% during the 4th quarter. Avestar Capital LLC now owns 3,690 shares of the electronics maker's stock worth $528,000 after acquiring an additional 330 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of TE Connectivity during the fourth quarter valued at approximately $1,957,000. Naples Global Advisors LLC lifted its holdings in shares of TE Connectivity by 4.4% during the 4th quarter. Naples Global Advisors LLC now owns 14,059 shares of the electronics maker's stock valued at $2,010,000 after purchasing an additional 587 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of TE Connectivity by 29.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 86,914 shares of the electronics maker's stock worth $12,224,000 after purchasing an additional 19,563 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC purchased a new stake in TE Connectivity during the fourth quarter worth $444,000. 91.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. This represents a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

TEL traded down $0.35 on Monday, hitting $152.87. The company had a trading volume of 1,753,715 shares, compared to its average volume of 1,671,565. The company's fifty day moving average price is $146.79 and its 200 day moving average price is $148.13. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.01 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 announced its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. TE Connectivity's revenue was up .1% compared to the same quarter last year. Equities analysts predict that TE Connectivity Ltd. will post 7.95 earnings per share for the current fiscal year.

TE Connectivity announced that its board has authorized a stock buyback program on Wednesday, October 30th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TEL shares. Citigroup increased their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Robert W. Baird lifted their target price on TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Bank of America raised their price target on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $167.00.

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.