TE Connectivity Ltd. (NYSE:TEL) Stock Position Raised by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,941 shares of the electronics maker’s stock after purchasing an additional 120 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in TE Connectivity were worth $293,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of TE Connectivity by 209.8% during the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after buying an additional 128 shares in the last quarter. Olistico Wealth LLC acquired a new stake in TE Connectivity during the 2nd quarter worth about $30,000. Armstrong Advisory Group Inc. grew its stake in TE Connectivity by 208.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. Bank & Trust Co purchased a new position in TE Connectivity during the 2nd quarter valued at about $35,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of TE Connectivity by 2,450.0% in the 3rd 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 during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $151.12 on Monday. The business’s 50-day simple moving average is $149.34 and its 200-day simple moving average is $149.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61. TE Connectivity Ltd. has a 52 week low of $128.52 and a 52 week high of $159.98. The firm has a market cap of $45.21 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 2.05 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, meeting the consensus estimate of $1.95. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.14 earnings per share for the current fiscal year.

TE Connectivity declared that its board has initiated a stock repurchase 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. StockNews.com assumed coverage on shares of TE Connectivity in a report on Sunday, November 24th. They set a “buy” rating on the stock. Hsbc Global Res downgraded shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price objective on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, September 20th. Finally, Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TE Connectivity currently has an average rating of “Hold” and a consensus price target of $159.55.

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.