Vontobel Holding Ltd. Sells 137 Shares of TE Connectivity Ltd. (NYSE:TEL)

Vontobel Holding Ltd. decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,014 shares of the electronics maker’s stock after selling 137 shares during the quarter. Vontobel Holding Ltd.’s holdings in TE Connectivity were worth $5,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TEL. Pinnacle Bancorp Inc. bought a new position in TE Connectivity in the fourth quarter valued at approximately $26,000. Golden State Wealth Management LLC bought a new position in TE Connectivity in the fourth quarter valued at approximately $44,000. Hilltop National Bank bought a new position in TE Connectivity in the fourth quarter valued at approximately $55,000. Webster Bank N. A. bought a new position in TE Connectivity in the fourth quarter valued at approximately $61,000. Finally, R Squared Ltd bought a new position in TE Connectivity in the fourth quarter valued at approximately $64,000. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

TEL has been the topic of a number of research reports. Bank of America lifted their price target 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. Wells Fargo & Company lifted their price target 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. Truist Financial cut their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. HSBC raised shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.00.

TE Connectivity Price Performance

Shares of TEL opened at $152.87 on Friday. The company has a market cap of $45.61 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.01 and a beta of 1.32. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The company’s fifty day simple moving average is $146.79 and its 200 day simple moving average is $148.21. 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 issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 earnings per share. On average, research analysts forecast that TE Connectivity Ltd. will post 7.95 earnings per share for the current fiscal year.

TE Connectivity declared that its board has approved a stock buyback plan on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.