TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 64.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,702 shares of the electronics maker's stock after acquiring an additional 5,346 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in TE Connectivity were worth $1,959,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TEL. WASHINGTON TRUST Co lifted its position in TE Connectivity by 4,785.6% during the fourth quarter. WASHINGTON TRUST Co now owns 46,902 shares of the electronics maker's stock valued at $6,706,000 after purchasing an additional 45,942 shares during the period. Banque Pictet & Cie SA acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $4,267,000. V Square Quantitative Management LLC boosted its stake in shares of TE Connectivity by 20.7% in the fourth quarter. V Square Quantitative Management LLC now owns 10,610 shares of the electronics maker's stock worth $1,517,000 after buying an additional 1,817 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in TE Connectivity during the fourth quarter worth about $174,000. Finally, Bogart Wealth LLC lifted its holdings in TE Connectivity by 1.7% in the fourth quarter. Bogart Wealth LLC now owns 45,144 shares of the electronics maker's stock valued at $6,454,000 after acquiring an additional 744 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the company's stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TEL. Wells Fargo & Company lifted their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Bank of America increased their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Citigroup raised their target price on TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Truist Financial dropped their price objective on TE Connectivity from $165.00 to $163.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.00.

TE Connectivity Price Performance

TEL stock traded up $1.68 during midday trading on Wednesday, reaching $156.10. The stock had a trading volume of 1,523,105 shares, compared to its average volume of 1,641,456. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The company has a market cap of $46.57 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32. The company's fifty day simple moving average is $146.90 and its 200 day simple moving average is $148.21. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. TE Connectivity's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 earnings per share. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share 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 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 usually a sign that the company's management believes its stock is undervalued.

TE Connectivity Company 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.