Wealth Enhancement Advisory Services LLC Purchases 4,012 Shares of TE Connectivity Ltd. (NYSE:TEL)

Wealth Enhancement Advisory Services LLC lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,516 shares of the electronics maker's stock after acquiring an additional 4,012 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in TE Connectivity were worth $5,061,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in TE Connectivity by 209.8% in the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker's stock valued at $28,000 after buying an additional 128 shares during the period. Olistico Wealth LLC acquired a new position in TE Connectivity during the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. increased its stake in TE Connectivity by 208.3% in the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker's stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. Bank & Trust Co bought a new position in shares of TE Connectivity during the second quarter worth $35,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of TE Connectivity by 2,450.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker's stock valued at $39,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Performance

NYSE TEL traded up $2.60 during trading on Friday, reaching $150.02. The company's stock had a trading volume of 1,510,973 shares, compared to its average volume of 1,847,821. TE Connectivity Ltd. has a 12 month low of $122.30 and a 12 month high of $159.98. The firm has a 50 day moving average price of $148.00 and a 200 day moving average price of $148.39. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33. The company has a current ratio of 1.61, a quick ratio of 0.99 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, hitting analysts' consensus estimates of $1.95. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The company's revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $1.78 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 8.15 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several research firms have weighed in on TEL. Hsbc Global Res lowered TE Connectivity from a "hold" rating to a "moderate sell" rating in a report on Thursday. Vertical Research assumed coverage on TE Connectivity in a research note on Tuesday, July 23rd. They set a "hold" rating and a $155.00 target price for the company. StockNews.com began coverage on shares of TE Connectivity in a research note on Thursday. They issued a "buy" rating on the stock. Wolfe Research upgraded TE Connectivity from a "peer perform" rating to an "outperform" rating in a report on Thursday, September 5th. Finally, Bank of America lowered their price objective on shares of TE Connectivity from $173.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $159.55.

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.