TE Connectivity Ltd. (NYSE:TEL) Shares Sold by KBC Group NV

KBC Group NV lowered its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,165 shares of the electronics maker's stock after selling 33,452 shares during the quarter. KBC Group NV's holdings in TE Connectivity were worth $9,889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TEL. Optas LLC boosted its position in TE Connectivity by 4.2% during the 3rd quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock valued at $268,000 after acquiring an additional 71 shares in the last quarter. OLD National Bancorp IN raised its holdings 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 in the last quarter. Metis Global Partners LLC lifted its position in shares of TE Connectivity by 1.0% during the third quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker's stock valued at $1,475,000 after buying an additional 96 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of TE Connectivity by 2.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 4,530 shares of the electronics maker's stock valued at $684,000 after buying an additional 108 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of TE Connectivity by 6.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,956 shares of the electronics maker's stock worth $295,000 after buying an additional 117 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TEL has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Bank of America increased their price target on TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Citigroup lifted their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target for the company in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $167.00.

TE Connectivity Stock Performance

Shares of TEL stock traded up $2.10 on Thursday, hitting $149.81. The company had a trading volume of 969,407 shares, compared to its average volume of 1,738,939. TE Connectivity Ltd. has a twelve month low of $137.61 and a twelve month high of $159.98. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The firm has a market cap of $44.71 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32. The company has a 50-day moving average price of $147.68 and a 200-day moving average price of $148.75.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business's quarterly 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, equities research analysts predict that TE Connectivity Ltd. will post 8.1 earnings per share for the current fiscal year.

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

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.