Cooke & Bieler LP Has $227.87 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Cooke & Bieler LP lifted its position in TE Connectivity Ltd. (NYSE:TEL) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,593,809 shares of the electronics maker’s stock after acquiring an additional 12,731 shares during the period. TE Connectivity accounts for about 2.2% of Cooke & Bieler LP’s investment portfolio, making the stock its 9th largest holding. Cooke & Bieler LP owned about 0.53% of TE Connectivity worth $227,867,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its stake in shares of TE Connectivity by 6.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,956 shares of the electronics maker’s stock worth $295,000 after buying an additional 117 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in shares of TE Connectivity during the third quarter valued at approximately $213,000. Assetmark Inc. boosted its holdings in shares of TE Connectivity by 11.9% in the third quarter. Assetmark Inc. now owns 2,266 shares of the electronics maker’s stock valued at $342,000 after purchasing an additional 241 shares during the period. Lindbrook Capital LLC lifted its holdings in TE Connectivity by 160.6% during the third quarter. Lindbrook Capital LLC now owns 1,665 shares of the electronics maker’s stock worth $251,000 after buying an additional 1,026 shares during the period. Finally, Tyler Stone Wealth Management lifted its holdings in TE Connectivity by 11.3% during the third quarter. Tyler Stone Wealth Management now owns 2,020 shares of the electronics maker’s stock worth $305,000 after buying an additional 205 shares during the period. Institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TEL shares. Truist Financial decreased their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. StockNews.com cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Wells Fargo & Company raised their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” 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 company a “neutral” rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Hold” and a consensus target price of $167.00.

TE Connectivity Trading Down 1.7 %

Shares of TEL opened at $148.25 on Tuesday. TE Connectivity Ltd. has a twelve month low of $137.61 and a twelve month high of $159.98. The firm has a market capitalization of $44.23 billion, a P/E ratio of 23.68, a PEG 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. The firm’s 50-day moving average is $148.41 and its two-hundred day moving average is $148.72.

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

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

TE Connectivity 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.