Impact Capital Partners LLC Takes Position in TE Connectivity Ltd. (NYSE:TEL)

Impact Capital Partners LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,327 shares of the electronics maker’s stock, valued at approximately $762,000.

Several other institutional investors have also added to or reduced their stakes in TEL. Pinnacle Bancorp Inc. purchased a new stake in TE Connectivity during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. boosted its position in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after buying an additional 107 shares during the period. Fairway Wealth LLC purchased a new stake in TE Connectivity during the 4th quarter valued at $43,000. Golden State Wealth Management LLC purchased a new stake in TE Connectivity during the 4th quarter valued at $44,000. Finally, Hilltop National Bank bought a new position in TE Connectivity in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TEL has been the subject of several research reports. Truist Financial decreased their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Robert W. Baird increased their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Citigroup raised their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price objective 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. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Hold” and a consensus target price of $167.00.

TE Connectivity Price Performance

NYSE TEL opened at $143.09 on Thursday. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The stock has a market cap of $42.69 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.11 and a beta of 1.32. The company’s 50 day moving average is $148.44 and its two-hundred day moving average is $148.62. 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 (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. As a group, research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

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.