Caitlin John LLC Has $448,000 Stake in TE Connectivity Ltd. (NYSE:TEL)

Caitlin John LLC lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,134 shares of the electronics maker’s stock after selling 132 shares during the quarter. Caitlin John LLC’s holdings in TE Connectivity were worth $448,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. acquired a new stake in shares of TE Connectivity during the 4th quarter worth $26,000. Armstrong Advisory Group Inc. grew its stake in TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after buying an additional 150 shares in the last quarter. Wolff Wiese Magana LLC raised its position in shares of TE Connectivity by 2,450.0% in the 3rd 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 in the last quarter. Hilltop National Bank acquired a new position in shares of TE Connectivity in the 4th quarter valued at approximately $55,000. Finally, Webster Bank N. A. acquired a new stake in shares of TE Connectivity during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

TEL has been the subject of several research analyst reports. StockNews.com upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Truist Financial dropped their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price on the stock in a research report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Bank of America lifted their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.00.

TE Connectivity Trading Up 1.0 %

TEL opened at $146.19 on Thursday. The company’s 50 day moving average price is $147.33 and its two-hundred day moving average price is $148.45. The firm has a market capitalization of $43.62 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 2.03 and a beta of 1.32. TE Connectivity Ltd. has a fifty-two week low of $137.61 and a fifty-two week 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.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data 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 return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business posted $1.84 earnings per share. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts predict that TE Connectivity Ltd. will post 7.96 earnings per share for the current year.

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

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction on Monday, January 27th. The shares were 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 owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

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.