TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. increased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 288,273 shares of the electronics maker's stock after buying an additional 3,184 shares during the quarter. TE Connectivity comprises 2.6% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 10th biggest holding. Guyasuta Investment Advisors Inc. owned about 0.10% of TE Connectivity worth $41,214,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of TE Connectivity by 2.1% during the third quarter. State Street Corp now owns 12,852,607 shares of the electronics maker's stock worth $1,940,615,000 after acquiring an additional 268,837 shares during the last quarter. Geode Capital Management LLC increased its stake in TE Connectivity by 1.3% in the third quarter. Geode Capital Management LLC now owns 5,981,870 shares of the electronics maker's stock valued at $899,681,000 after purchasing an additional 75,658 shares during the period. EdgePoint Investment Group Inc. raised its holdings in shares of TE Connectivity by 26.0% in the third quarter. EdgePoint Investment Group Inc. now owns 3,367,650 shares of the electronics maker's stock valued at $508,481,000 after buying an additional 694,917 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of TE Connectivity by 31.1% during the third quarter. Franklin Resources Inc. now owns 3,004,540 shares of the electronics maker's stock worth $445,603,000 after buying an additional 712,228 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of TE Connectivity by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,762,099 shares of the electronics maker's stock worth $266,059,000 after buying an additional 9,864 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Price Performance

TEL traded up $1.68 on Wednesday, hitting $156.10. 1,523,818 shares of the company were exchanged, compared to its average volume of 1,641,479. TE Connectivity Ltd. has a fifty-two week low of $137.61 and a fifty-two week high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a market capitalization of $46.57 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32. The business's fifty day moving average is $147.02 and its 200 day moving average is $148.27.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TEL shares. Truist Financial decreased their price objective on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price target on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price objective on the stock in a research note on Thursday, January 23rd. StockNews.com upgraded shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Finally, Hsbc Global Res upgraded shares of TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $167.00.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company's stock.

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.