Freestone Capital Holdings LLC Has $3.28 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Freestone Capital Holdings LLC grew its position in TE Connectivity Ltd. (NYSE:TEL) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,970 shares of the electronics maker’s stock after acquiring an additional 353 shares during the quarter. Freestone Capital Holdings LLC’s holdings in TE Connectivity were worth $3,284,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. increased its holdings in shares of 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 acquiring an additional 107 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $44,000. Hilltop National Bank acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $55,000. Finally, Deseret Mutual Benefit Administrators acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $57,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Trading Up 2.0 %

Shares of TEL opened at $150.95 on Thursday. The stock has a fifty day moving average price of $148.17 and a two-hundred day moving average price of $148.78. 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. The company has a market cap of $45.03 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last issued 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 during the quarter, compared to the consensus estimate of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. Analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TEL. StockNews.com downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Bank of America raised their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective for the company in a research report on Thursday, January 23rd. Finally, Citigroup raised their price objective on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Hold” and an average target price of $167.00.

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.