Callan Capital LLC Buys 106 Shares of TE Connectivity Ltd. (NYSE:TEL)

Callan Capital LLC increased its stake in TE Connectivity Ltd. (NYSE:TEL) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,071 shares of the electronics maker’s stock after purchasing an additional 106 shares during the period. Callan Capital LLC’s holdings in TE Connectivity were worth $296,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Optas LLC increased its position in shares of TE Connectivity by 4.2% in the third quarter. Optas LLC now owns 1,778 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 71 shares during the last quarter. Metis Global Partners LLC increased its position in shares of TE Connectivity by 1.0% in the third quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker’s stock worth $1,475,000 after purchasing an additional 96 shares during the last quarter. Insigneo Advisory Services LLC increased its position in shares of TE Connectivity by 2.4% in the third quarter. Insigneo Advisory Services LLC now owns 4,530 shares of the electronics maker’s stock worth $684,000 after purchasing an additional 108 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of 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 last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its position in shares of TE Connectivity by 6.6% in the third 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 currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the firm’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 completion of the sale, 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 legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

TEL has been the topic of a number of recent research reports. Citigroup increased their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Bank of America increased their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Truist Financial reduced their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.00.

TE Connectivity Stock Down 0.8 %

Shares of TE Connectivity stock opened at $154.55 on Friday. 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 52-week low of $137.61 and a 52-week high of $159.98. The stock has a market capitalization of $46.11 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.11 and a beta of 1.32. The company’s 50 day moving average price is $147.20 and its 200-day moving average price is $148.44.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.92 billion. During the same quarter last year, the business earned $1.84 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity announced that its Board of Directors has approved a share repurchase program on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.