Caitlin John LLC Sells 132 Shares of TE Connectivity Ltd. (NYSE:TEL)

Caitlin John LLC cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,134 shares of the electronics maker’s stock after selling 132 shares during the quarter. Caitlin John LLC’s holdings in TE Connectivity were worth $448,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TEL. YANKCOM Partnership acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $491,000. Robertson Stephens Wealth Management LLC boosted its stake in TE Connectivity by 7.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,847 shares of the electronics maker’s stock worth $693,000 after purchasing an additional 347 shares during the period. Econ Financial Services Corp increased its holdings in TE Connectivity by 4.5% during the 4th quarter. Econ Financial Services Corp now owns 10,129 shares of the electronics maker’s stock worth $1,448,000 after purchasing an additional 438 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of TE Connectivity by 9.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,562 shares of the electronics maker’s stock valued at $6,133,000 after purchasing an additional 3,716 shares during the period. Finally, ARGA Investment Management LP lifted its holdings in shares of TE Connectivity by 12.6% in the fourth quarter. ARGA Investment Management LP now owns 13,717 shares of the electronics maker’s stock valued at $1,961,000 after purchasing an additional 1,538 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TEL shares. Robert W. Baird lifted their target price on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective on the stock in a report on Thursday, January 23rd. Bank of America increased their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial cut their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

TE Connectivity Trading Up 1.0 %

TE Connectivity stock opened at $146.19 on Thursday. The stock has a 50-day simple moving average of $147.33 and a 200 day simple moving average of $148.45. The stock has a market capitalization of $43.62 billion, a P/E ratio of 23.35, a PEG ratio of 2.03 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 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 company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $1.84 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts expect that TE Connectivity Ltd. will post 7.96 earnings per share for the current year.

TE Connectivity announced that its board has authorized a share 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 reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board 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.