Vontobel Holding Ltd. Has $5.01 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Vontobel Holding Ltd. cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 0.4% during the 4th quarter, HoldingsChannel reports. 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 filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TEL. Exchange Traded Concepts LLC acquired a new position in shares of TE Connectivity in the third quarter valued at about $235,000. Creative Planning grew its stake in shares of TE Connectivity by 3.0% in the third quarter. Creative Planning now owns 42,019 shares of the electronics maker’s stock valued at $6,345,000 after acquiring an additional 1,237 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of TE Connectivity by 0.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,705 shares of the electronics maker’s stock valued at $4,787,000 after acquiring an additional 232 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of TE Connectivity by 21.0% in the third quarter. Aaron Wealth Advisors LLC now owns 3,256 shares of the electronics maker’s stock valued at $492,000 after acquiring an additional 566 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new position in shares of TE Connectivity in the third quarter valued at about $305,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Citigroup upped their price objective 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. Truist Financial cut 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 report on Thursday, January 23rd. StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $167.00.

TE Connectivity Stock Down 0.2 %

TEL stock opened at $152.87 on Friday. The firm has a 50-day moving average price of $146.79 and a 200-day moving average price of $148.21. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. 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 stock has a market capitalization of $45.61 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last released 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. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 7.95 EPS for the current fiscal year.

TE Connectivity announced that its board has authorized a share repurchase plan on Wednesday, October 30th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.