Bradley Foster & Sargent Inc. CT Sells 281 Shares of TE Connectivity Ltd. (NYSE:TEL)

Bradley Foster & Sargent Inc. CT lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,337 shares of the electronics maker’s stock after selling 281 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in TE Connectivity were worth $3,193,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TEL. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity in the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new stake in shares of TE Connectivity in the fourth quarter worth $44,000. Hilltop National Bank bought a new stake in shares of TE Connectivity during the 4th quarter worth $55,000. Webster Bank N. A. acquired a new position in TE Connectivity in the 4th quarter valued at $61,000. Finally, Vestor Capital LLC acquired a new position in TE Connectivity during the 3rd quarter worth $66,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $154.55 on Friday. TE Connectivity Ltd. has a twelve month low of $137.61 and a twelve month high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a market cap of $46.11 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The firm’s 50-day simple moving average is $147.20 and its 200-day simple moving average is $148.40.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. The company 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 company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity announced that its board has authorized a share buyback plan on Wednesday, October 30th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction dated 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 directly owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

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

About TE Connectivity

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.