29,427 Shares in TE Connectivity Ltd. (NYSE:TEL) Acquired by TCW Group Inc.

TCW Group Inc. bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,427 shares of the electronics maker's stock, valued at approximately $4,443,000.

A number of other institutional investors have also recently bought and sold shares of TEL. Armstrong Advisory Group Inc. boosted its holdings 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 purchasing an additional 150 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in 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 in the last quarter. Family Firm Inc. bought a new stake in TE Connectivity in the second quarter valued at $43,000. Isthmus Partners LLC acquired a new position in TE Connectivity during the second quarter worth $45,000. Finally, MCF Advisors LLC lifted its holdings in shares of TE Connectivity by 2,745.5% during the second quarter. MCF Advisors LLC now owns 313 shares of the electronics maker's stock valued at $47,000 after acquiring an additional 302 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TEL. Hsbc Global Res lowered shares of TE Connectivity from a "hold" rating to a "moderate sell" rating in a report on Thursday, October 31st. StockNews.com raised shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 4th. Wolfe Research upgraded shares of TE Connectivity from a "peer perform" rating to an "outperform" rating in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price target on TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, September 20th. Finally, Bank of America cut their price objective on TE Connectivity from $173.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $159.55.

TE Connectivity Trading Up 1.0 %

Shares of TEL traded up $1.49 during trading hours on Thursday, hitting $151.32. 1,605,059 shares of the stock traded hands, compared to its average volume of 1,796,427. The business has a fifty day moving average of $149.88 and a 200-day moving average of $149.76. The firm has a market capitalization of $45.27 billion, a PE ratio of 14.72, 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 current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.95. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the company posted $1.78 EPS. The company's revenue was up .8% compared to the same quarter last year. Analysts expect that TE Connectivity Ltd. will post 8.14 EPS for the current year.

TE Connectivity announced that its Board of Directors has approved a share repurchase program on Wednesday, October 30th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

TE Connectivity 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.