Emprise Bank Has $894,000 Position in TE Connectivity Ltd. (NYSE:TEL)

Emprise Bank lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,250 shares of the electronics maker’s stock after selling 274 shares during the quarter. Emprise Bank’s holdings in TE Connectivity were worth $894,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Armstrong Advisory Group Inc. lifted its holdings in shares of TE Connectivity by 208.3% in the third 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 last quarter. Wolff Wiese Magana LLC increased its stake in shares of TE Connectivity by 2,450.0% in the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock valued at $39,000 after buying an additional 245 shares during the period. Hilltop National Bank acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $55,000. Vestor Capital LLC acquired a new position in shares of TE Connectivity in the third quarter valued at approximately $66,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of TE Connectivity in the third quarter valued at approximately $75,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.1 %

TEL stock traded down $0.17 during midday trading on Monday, hitting $140.74. The company had a trading volume of 286,861 shares, compared to its average volume of 1,154,760. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a 52 week low of $128.52 and a 52 week high of $159.98. The stock’s 50 day moving average price is $148.64 and its 200 day moving average price is $148.99. The stock has a market cap of $42.10 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 2.04 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, meeting the consensus estimate of $1.95. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The business’s revenue was up .8% on a year-over-year basis. 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 buyback plan on Wednesday, October 30th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TEL. HSBC downgraded shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 target price for the company. in a research report on Thursday, October 31st. Wells Fargo & Company decreased their target price on shares of TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group decreased their target price on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Hsbc Global Res downgraded shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a research report on Thursday, October 31st. Finally, StockNews.com raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus target price of $160.70.

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.