Rockefeller Capital Management L.P. boosted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,024,454 shares of the electronics maker's stock after acquiring an additional 12,994 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.34% of TE Connectivity worth $154,682,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of TE Connectivity by 209.8% during the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker's stock worth $28,000 after purchasing an additional 128 shares during the period. Olistico Wealth LLC acquired a new stake in TE Connectivity during the 2nd quarter worth about $30,000. Armstrong Advisory Group Inc. lifted its stake in TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker's stock valued at $34,000 after buying an additional 150 shares in the last quarter. Bank & Trust Co acquired a new position in shares of TE Connectivity in the second quarter worth about $35,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of TE Connectivity by 2,450.0% during the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker's stock valued at $39,000 after acquiring an additional 245 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.
TE Connectivity Stock Down 0.0 %
Shares of TE Connectivity stock traded down $0.03 during midday trading on Friday, reaching $151.12. 684,978 shares of the company's stock traded hands, compared to its average volume of 1,812,517. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61. TE Connectivity Ltd. has a 52 week low of $128.52 and a 52 week high of $159.98. The company's 50 day simple moving average is $149.28 and its 200 day simple moving average is $149.69. The company has a market cap of $45.21 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.05 and a beta of 1.33.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, meeting the consensus estimate of $1.95. The company 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 business's revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Equities analysts expect that TE Connectivity Ltd. will post 8.14 earnings per share for the current fiscal year.
TE Connectivity announced that its Board of Directors has authorized a share buyback program on Wednesday, October 30th that permits the company to repurchase $2.50 billion in 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 usually a sign that the company's management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TEL. Hsbc Global Res cut shares of TE Connectivity from a "hold" rating to a "moderate sell" rating in a research report on Thursday, October 31st. Wells Fargo & Company dropped their price target on TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, September 20th. Bank of America lowered their target price on TE Connectivity from $173.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. StockNews.com started coverage on shares of TE Connectivity in a research report on Sunday, November 24th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating on the stock in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $159.55.
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TE Connectivity Company Profile
(
Free Report)
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.
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