TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC grew its position in TE Connectivity Ltd. (NYSE:TEL) by 24.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,332 shares of the electronics maker’s stock after acquiring an additional 463 shares during the quarter. Catalyst Financial Partners LLC’s holdings in TE Connectivity were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. Wells Fargo & Company cut their target price on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, September 20th. The Goldman Sachs Group decreased their price target on TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird increased their target price on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $159.55.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $147.42 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 1.61. The company has a market capitalization of $44.80 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33. The stock has a fifty day moving average of $148.00 and a 200-day moving average of $148.39. TE Connectivity Ltd. has a one year low of $116.01 and a one year high of $159.98.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.95. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. During the same quarter last year, the company posted $1.78 EPS. TE Connectivity’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 8.15 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 30th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are 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.