Anchor Capital Advisors LLC Has $45.14 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Anchor Capital Advisors LLC lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 3.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 315,705 shares of the electronics maker’s stock after selling 12,191 shares during the quarter. TE Connectivity makes up approximately 1.3% of Anchor Capital Advisors LLC’s portfolio, making the stock its 24th largest holding. Anchor Capital Advisors LLC’s holdings in TE Connectivity were worth $45,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity in the 4th quarter valued at $26,000. Golden State Wealth Management LLC bought a new stake in TE Connectivity during the fourth quarter valued at about $44,000. Hilltop National Bank acquired a new stake in shares of TE Connectivity in the fourth quarter valued at about $55,000. Deseret Mutual Benefit Administrators bought a new position in shares of TE Connectivity in the fourth quarter worth about $57,000. Finally, Webster Bank N. A. acquired a new position in shares of TE Connectivity during the 4th quarter worth about $61,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $151.89 on Friday. 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 company has a 50-day moving average of $147.66 and a 200-day moving average of $148.66. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98. The company has a market capitalization of $45.32 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly 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 firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company earned $1.84 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. This represents 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TEL. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating 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. Truist Financial cut 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. 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. Finally, Robert W. Baird upped their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.