WR Wealth Planners LLC Trims Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

WR Wealth Planners LLC reduced its stake in TE Connectivity Ltd. (NYSE:TEL) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,585 shares of the electronics maker’s stock after selling 540 shares during the quarter. WR Wealth Planners LLC’s holdings in TE Connectivity were worth $656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TEL. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $26,000. Golden State Wealth Management LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $44,000. Hilltop National Bank purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $55,000. Deseret Mutual Benefit Administrators purchased a new position in TE Connectivity during the fourth quarter worth about $57,000. Finally, Webster Bank N. A. purchased a new position in TE Connectivity during the fourth quarter worth about $61,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $154.10 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 1 year low of $137.61 and a 1 year high of $159.98. The firm has a market cap 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 stock has a 50-day simple moving average of $147.87 and a 200-day simple moving average of $148.72.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) 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 analyst estimates of $3.92 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TEL. StockNews.com downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report 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. Citigroup increased their target price on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Truist Financial reduced their target price on 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, 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. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Hold” and a consensus target price of $167.00.

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.