Empowered Funds LLC Has $6.36 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Empowered Funds LLC raised its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 66.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,468 shares of the electronics maker's stock after purchasing an additional 17,725 shares during the quarter. Empowered Funds LLC's holdings in TE Connectivity were worth $6,358,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of TE Connectivity in the 4th quarter valued at $26,000. Armstrong Advisory Group Inc. boosted its holdings in shares of TE Connectivity by 208.3% in the 3rd 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 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 purchasing an additional 245 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at $44,000. Finally, Hilltop National Bank acquired a new stake in shares of TE Connectivity in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction dated 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 transaction, the insider now directly owns 25,976 shares of the company's stock, valued at approximately $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company's stock.

TE Connectivity Trading Down 0.2 %

NYSE:TEL traded down $0.35 during trading hours on Friday, hitting $152.87. 1,753,715 shares of the company were exchanged, compared to its average volume of 1,658,521. The stock has a market capitalization of $45.61 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.32. 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 Ltd. has a one year low of $137.61 and a one year high of $159.98. The company has a fifty day simple moving average of $146.78 and a 200 day simple moving average of $148.23.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company earned $1.84 EPS. TE Connectivity's revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts expect that TE Connectivity Ltd. will post 7.95 EPS for the current fiscal year.

TE Connectivity declared that its board has authorized a stock buyback program on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have weighed in on TEL. Citigroup raised their target price on TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. StockNews.com cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Wells Fargo & Company increased their price target on TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. HSBC upgraded TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target for the company in a research note on Thursday, January 23rd. Finally, Hsbc Global Res upgraded TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $167.00.

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.