2,863 Shares in TE Connectivity Ltd. (NYSE:TEL) Purchased by Hickory Point Bank & Trust

Hickory Point Bank & Trust bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,863 shares of the electronics maker’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC lifted its holdings in shares of TE Connectivity by 3.9% during the fourth quarter. Metis Global Partners LLC now owns 10,156 shares of the electronics maker’s stock worth $1,452,000 after purchasing an additional 385 shares during the period. US Bancorp DE lifted its holdings in shares of TE Connectivity by 15.9% during the fourth quarter. US Bancorp DE now owns 88,323 shares of the electronics maker’s stock worth $12,628,000 after purchasing an additional 12,095 shares during the period. SVB Wealth LLC acquired a new stake in shares of TE Connectivity during the fourth quarter worth about $3,525,000. Mutual of America Capital Management LLC acquired a new stake in shares of TE Connectivity during the fourth quarter worth about $5,123,000. Finally, Flputnam Investment Management Co. lifted its holdings in shares of TE Connectivity by 11.8% during the fourth quarter. Flputnam Investment Management Co. now owns 34,285 shares of the electronics maker’s stock worth $4,902,000 after purchasing an additional 3,608 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TEL. Citigroup upped their price objective on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. HSBC raised shares of 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. StockNews.com lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Bank of America boosted their price objective on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $167.00.

TE Connectivity Stock Performance

NYSE TEL opened at $154.10 on Friday. The stock’s fifty day moving average is $147.87 and its two-hundred day moving average is $148.74. The firm has a market capitalization of $45.97 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a fifty-two week low of $137.61 and a fifty-two week high of $159.98.

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, topping analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion for 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 for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

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.