Claris Advisors LLC MO Has $318,000 Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Claris Advisors LLC MO raised its holdings in TE Connectivity Ltd. (NYSE:TEL) by 2,792.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,227 shares of the electronics maker’s stock after purchasing an additional 2,150 shares during the quarter. Claris Advisors LLC MO’s holdings in TE Connectivity were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TEL. Concurrent Investment Advisors LLC grew its position in TE Connectivity by 6.4% in the third quarter. Concurrent Investment Advisors LLC now owns 1,956 shares of the electronics maker’s stock valued at $295,000 after acquiring an additional 117 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in TE Connectivity in the 3rd quarter valued at approximately $213,000. Assetmark Inc. boosted its position in 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 buying an additional 241 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of 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 last quarter. Finally, Tyler Stone Wealth Management increased its holdings in shares of 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 in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 1.7 %

TEL opened at $148.25 on Tuesday. The company has a fifty day moving average of $148.41 and a 200-day moving average of $148.72. TE Connectivity Ltd. has a twelve month low of $137.61 and a twelve month high of $159.98. 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 cap of $44.23 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.11 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 for the quarter, beating 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 net margin of 12.10% and a return on equity of 18.82%. TE Connectivity’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 EPS. On average, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,812,497.52. This represents a 49.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Bank of America boosted their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial dropped their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $167.00.

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.