BDF Gestion Has $1.55 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

BDF Gestion lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,858 shares of the electronics maker’s stock after selling 1,411 shares during the period. BDF Gestion’s holdings in TE Connectivity were worth $1,552,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TEL. First Affirmative Financial Network raised its position in shares of TE Connectivity by 5.6% during the fourth quarter. First Affirmative Financial Network now owns 2,996 shares of the electronics maker’s stock worth $428,000 after purchasing an additional 158 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in TE Connectivity during the 4th quarter worth approximately $211,000. Foster & Motley Inc. lifted its stake in TE Connectivity by 8.8% in the fourth quarter. Foster & Motley Inc. now owns 19,547 shares of the electronics maker’s stock valued at $2,795,000 after buying an additional 1,581 shares in the last quarter. Field & Main Bank acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $141,000. Finally, Forsta AP Fonden increased its position in shares of TE Connectivity by 47.6% during the fourth quarter. Forsta AP Fonden now owns 113,800 shares of the electronics maker’s stock worth $16,270,000 after acquiring an additional 36,700 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research analyst reports. Bank of America upped their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective for the company in a report on Thursday, January 23rd. Citigroup boosted their target price on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Robert W. Baird raised their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This represents a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Up 1.4 %

Shares of TEL stock opened at $149.81 on Friday. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The stock has a market cap of $44.70 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.03 and a beta of 1.32. The firm’s 50-day moving average is $147.68 and its 200-day moving average is $148.75.

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 analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. Sell-side analysts predict that TE Connectivity Ltd. will post 7.96 EPS for the current year.

TE Connectivity announced that its board has authorized a stock buyback program on Wednesday, October 30th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.