First National Bank & Trust Co. of Newtown Acquires New Position in TE Connectivity Ltd. (NYSE:TEL)

First National Bank & Trust Co. of Newtown acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,473 shares of the electronics maker’s stock, valued at approximately $925,000.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. bought a new stake in shares of TE Connectivity during the 4th quarter valued at about $26,000. Golden State Wealth Management LLC bought a new stake in shares of TE Connectivity during the 4th quarter valued at about $44,000. Hilltop National Bank bought a new stake in shares of TE Connectivity during the 4th quarter valued at about $55,000. Webster Bank N. A. acquired a new position in TE Connectivity during the 4th quarter valued at about $61,000. Finally, R Squared Ltd acquired a new position in TE Connectivity during the 4th quarter valued at about $64,000. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the sale, the insider now owns 25,976 shares in the company, valued at $3,925,752.88. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Up 1.1 %

NYSE TEL opened at $156.10 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The company’s 50 day simple moving average is $147.02 and its 200 day simple moving average is $148.27. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The company has a market capitalization of $46.57 billion, a P/E ratio of 24.94, a PEG ratio of 2.09 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm earned $1.84 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity announced that its board has initiated a share buyback plan on Wednesday, October 30th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial reduced their target price on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their target price on shares of 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 raised shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price for the company in a research note on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

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.