Rothschild Investment LLC Lowers Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Rothschild Investment LLC lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,928 shares of the electronics maker’s stock after selling 95 shares during the period. Rothschild Investment LLC’s holdings in TE Connectivity were worth $1,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Foundations Investment Advisors LLC purchased a new position in TE Connectivity in the 3rd quarter worth approximately $202,000. Private Advisor Group LLC increased its stake in shares of TE Connectivity by 3.3% in the third quarter. Private Advisor Group LLC now owns 16,062 shares of the electronics maker’s stock worth $2,425,000 after buying an additional 513 shares during the period. International Assets Investment Management LLC bought a new stake in TE Connectivity during the 3rd quarter valued at $17,235,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in TE Connectivity by 141.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,846 shares of the electronics maker’s stock valued at $5,874,000 after buying an additional 22,748 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in TE Connectivity by 8.1% during the 3rd quarter. Forsta AP Fonden now owns 77,100 shares of the electronics maker’s stock valued at $11,641,000 after buying an additional 5,800 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TEL has been the subject of several recent analyst reports. Truist Financial lowered their price objective 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. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Wells Fargo & Company increased their price objective on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Citigroup boosted their target price on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Bank of America raised their price target on TE Connectivity from $167.00 to $170.00 and gave the stock 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $151.13, for a total value 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. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $153.31 on Tuesday. The business has a fifty day simple moving average of $147.27 and a two-hundred day simple moving average of $148.55. The firm has a market capitalization of $45.74 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.11 and a beta of 1.32. 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 Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data 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 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 analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity declared that its board has initiated a stock repurchase program on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.