Mutual of America Capital Management LLC Makes New Investment in TE Connectivity Ltd. (NYSE:TEL)

Mutual of America Capital Management LLC purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, HoldingsChannel reports. The firm purchased 35,833 shares of the electronics maker’s stock, valued at approximately $5,123,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity in the 4th quarter valued at about $26,000. Golden State Wealth Management LLC purchased a new stake in shares of TE Connectivity in 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 approximately $55,000. Deseret Mutual Benefit Administrators purchased a new position in shares of TE Connectivity during the 4th quarter worth approximately $57,000. Finally, Webster Bank N. A. acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Down 1.6 %

Shares of NYSE TEL opened at $148.19 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $44.21 billion, a PE ratio of 23.67, a P/E/G ratio of 2.11 and a beta of 1.32. The firm has a fifty day moving average of $148.06 and a 200-day moving average of $148.77. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98.

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 the consensus estimate of $1.89 by $0.06. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates 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 was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup upped their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target for the company in a report on Thursday, January 23rd. 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 note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $167.00.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the business’s 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.