TE Connectivity Ltd. (NYSE:TEL) Shares Bought by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. grew its position in TE Connectivity Ltd. (NYSE:TEL) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 288,273 shares of the electronics maker’s stock after buying an additional 3,184 shares during the period. TE Connectivity accounts for approximately 2.6% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 10th largest holding. Guyasuta Investment Advisors Inc. owned approximately 0.10% of TE Connectivity worth $41,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity in the fourth quarter valued at about $26,000. Wolff Wiese Magana LLC lifted its holdings in shares of TE Connectivity by 2,450.0% in the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 245 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of TE Connectivity in the fourth quarter valued at about $44,000. Hilltop National Bank bought a new stake in shares of TE Connectivity in the fourth quarter valued at about $55,000. Finally, Webster Bank N. A. bought a new stake in shares of TE Connectivity in the fourth quarter valued at about $61,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup boosted their price target on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Robert W. Baird upped their target price on TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price on the stock in a report on Thursday, January 23rd. Finally, Truist Financial dropped their target price on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, TE Connectivity has an average rating of “Hold” and a consensus target price of $167.00.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction that occurred 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 sale, the insider now owns 25,976 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Price Performance

TE Connectivity stock opened at $152.87 on Friday. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The stock’s 50 day moving average is $146.78 and its 200-day moving average is $148.23. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The company has a market capitalization 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 (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS 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 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 firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. Equities research analysts expect that TE Connectivity Ltd. will post 7.95 EPS for the current year.

TE Connectivity announced that its Board of Directors has initiated a share buyback program on Wednesday, October 30th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is 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.