Bradley Foster & Sargent Inc. CT Has $3.19 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Bradley Foster & Sargent Inc. CT trimmed its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,337 shares of the electronics maker’s stock after selling 281 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in TE Connectivity were worth $3,193,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TEL. Optas LLC lifted its holdings in TE Connectivity by 4.2% during the 3rd quarter. Optas LLC now owns 1,778 shares of the electronics maker’s stock worth $268,000 after buying an additional 71 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of TE Connectivity by 1.0% during the third quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker’s stock valued at $1,475,000 after acquiring an additional 96 shares during the period. Insigneo Advisory Services LLC boosted its holdings in TE Connectivity by 2.4% in the third quarter. Insigneo Advisory Services LLC now owns 4,530 shares of the electronics maker’s stock valued at $684,000 after acquiring an additional 108 shares during the last quarter. Concurrent Investment Advisors LLC increased 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 worth $295,000 after purchasing an additional 117 shares during the period. Finally, Cobblestone Capital Advisors LLC NY raised its holdings in TE Connectivity by 6.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,941 shares of the electronics maker’s stock worth $293,000 after purchasing an additional 120 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TEL shares. Robert W. Baird raised their target price 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. Citigroup lifted their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America lifted their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

TE Connectivity Trading Down 0.8 %

NYSE TEL opened at $154.55 on Friday. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The firm has a market cap of $46.11 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.11 and a beta of 1.32. The stock’s 50-day moving average is $147.20 and its 200-day moving average is $148.40.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

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

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.