Quantinno Capital Management LP Boosts Holdings in TE Connectivity Ltd. (NYSE:TEL)

Quantinno Capital Management LP lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 25.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,382 shares of the electronics maker's stock after acquiring an additional 4,531 shares during the quarter. Quantinno Capital Management LP's holdings in TE Connectivity were worth $3,379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optas LLC increased its stake in TE Connectivity by 4.2% in the 3rd quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock valued at $268,000 after buying an additional 71 shares during the last quarter. Gradient Investments LLC increased its position in shares of TE Connectivity by 2.2% during the second quarter. Gradient Investments LLC now owns 3,602 shares of the electronics maker's stock valued at $542,000 after acquiring an additional 76 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in TE Connectivity by 3.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,297 shares of the electronics maker's stock worth $346,000 after acquiring an additional 76 shares during the period. OLD National Bancorp IN boosted its position in TE Connectivity by 3.6% in the third quarter. OLD National Bancorp IN now owns 2,478 shares of the electronics maker's stock worth $374,000 after purchasing an additional 85 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in TE Connectivity by 1.0% in the 3rd quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker's stock valued at $1,475,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of research reports. Wolfe Research raised shares of TE Connectivity from a "peer perform" rating to an "outperform" rating in a research report on Thursday, September 5th. 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 research report on Wednesday, October 9th. The Goldman Sachs Group decreased their price target on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating on the stock in a research note on Tuesday, October 1st. Hsbc Global Res lowered TE Connectivity from a "hold" rating to a "moderate sell" rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on shares of TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, TE Connectivity has an average rating of "Hold" and a consensus target price of $159.55.

TE Connectivity Stock Down 0.1 %

NYSE TEL traded down $0.10 during mid-day trading on Tuesday, reaching $151.40. The stock had a trading volume of 776,858 shares, compared to its average volume of 1,796,041. The stock has a market cap of $45.29 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32. TE Connectivity Ltd. has a 1 year low of $128.52 and a 1 year high of $159.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The company has a fifty 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 announced its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, hitting 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 period 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, research analysts expect that TE Connectivity Ltd. will post 8.14 earnings per share for the current year.

TE Connectivity declared that its board has authorized a share repurchase plan on Wednesday, October 30th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the electronics maker to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are often 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.